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The Straight Truth

By Jennifer Beeston @ Guaranteed Rate Mortgage

By Jennifer Beeston | Mortgage Broker
or Lender in California

Post Foreclosure waiting period before getting a new loan


The Waiting is the hardest part but you do not have to wait that long!
You had a foreclosure and now you want to move on and buy another home. 
Perfect, let's get you a loan!  I do a lot of loans after a foreclosure and they are easy and good, safe loans.  Nothing dicey.

Below is a list of loan types and how long after your foreclosure you can apply for a new mortgage. 


Fannie Mae: 7 years after completion
Freddie Mac: 7 years after completion date.  4-7 years with 10% down
FHA: 3 years and only 3.5% down
VA: 2 years from discharge date
USDA: 3 years after completion


Please email me any questions or if you would like to get qualified. All qualifications are complimentary
 jennifer.ready@guaranteedrate.com


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