It only takes a few dozen questions to qualify and go over your options. You may qualify to buy another home and rent out or sell your current home even if your upside down if your current on the mortgage. If not, you may just want to short sale and move on.
Your choices will be determined by your credit profile, debt to income ratios, fico scores, late on mtg, and how much you want to invest into the new home purchase.
You may qualify to buy conventional with 20% down ONE DAY after a short sale, foreclosure or deed in lieu but FHA requires ONE YEAR from a BK, short sale, foreclosure or deed in lieu from a minimum 580 fico score and 3.5% down or even as low as .5% half percent down payment program. Also if your self employed, what is your net income? Here are some blogs such as: qualify FHA only 1 year after BK, which loan is right for me, down payment and closing costs hurdles and pre-approval in minutes.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
20+ Years Experience
9am till 7pm Monday thru Saturday, Sundays by appt.
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
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