Financing in Cary>Question Details

Peter Lee, Home Buyer in Pleasanton, CA

I foreclosed one of my rental properties in Feb 2011 my credit score is very high now around 740

Asked by Peter Lee, Pleasanton, CA Fri Feb 8, 2013

, can I refi my other investment properties and/or primary residence?

0 votes Share Flag Financing in Cary

Help the community by answering this question:


FNMA and Freddie Mac guidelines will restrict you from obtaining loans delivered/serviced by them for 7 years from the date of your foreclosure.

Therefore, investment property financing will be tough for you it seems; unless you find a portfolio lender who will service the loan themselves; so you can look at that for your investment properties.

As far as your primary residence, you would be eligible for an FHA loan 3 yrs. from the completion date of the foreclosure. (VA loan would require 2 yrs. if you qualfy for VA loans).
1 vote Thank Flag Link Sat Feb 9, 2013
CFS Mortgage,, has a flexible loan program. They allow a mortgage after a foreclosure, short sale, or chapter 7 bankruptcy. There is only a six month waiting period. This is perfect for individuals looking to become homeowners again.
0 votes Thank Flag Link Sun Jul 28, 2013
Congratulations on getting back on track! Now is an excellent time to invest in real estate. Give these folks a call:
Jeff & Michelle Harris
Revital Credit Services
They are excellent financial advisors & have helped many of my clients get in shape to buy. Honest, ethical, and affordable, I would highly recommend them. Of course, your initial consultation is no charge, so you have nothing to lose.
Let me know if I can help you further.

Elizabeth Scott, Realtor®, Broker
e-PRO, Strategic Pricing Specialist
Fathom Realty NC, LLC
Phone: 919.306.9699

Be Savvy…Call the Smart Realtor
0 votes Thank Flag Link Sat Feb 9, 2013

A lender can answer that question for you. I would be happy to refer you to an excellent lender who is easy to work with and very knowledgeable.

Liz Fortunato
Keller Williams Cary
“The referral of your friends and family is the greatest compliment you can give me”
0 votes Thank Flag Link Fri Feb 8, 2013
Hello Peter,

This is a great question for a lender. Find one locally and pick his or her brain.

Good luck
0 votes Thank Flag Link Fri Feb 8, 2013
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