Additionally, buying after a BK is different VA and FHA is 3 years and conventional was 4 years... also depends on loan amount...
So it depends... it depends on the borrower profile, the type of loan they need and also the amount of the loan...
There are too many variables to be specific... my preferred lender has a very nice flyer they send with a summary of programs and "aging" requirements... you can email her firstname.lastname@example.org
Have very productive 2013!
You can buy again just one day after Short-Sale or Foreclosure and 2 years after bankruptcy with our "Portfolio" product. The buyer must have 20% down and a 660 Credit Score.
Since the loan is kept with the bank we have the flexibility to not follow conventional guidelines.
Hope we can help you!
Help with Any Real Estate Transaction - Buy or Sell Â
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Residential & Commercial Real EstateÂ
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We have a portfolio "2nd Chance" loan that allows you to buy again just one day after Short-Sale or Foreclosure. You can only have one on your credit and you will need a 20% down-payment and 660 mid FICO score.
This loan is available in - AZ, CA, CO, DC, FL, HI, IL, MD, MT, NV, NJ, NY, NC, OR, SC, VA, and WA . Loan amounts up to $4 million
Michael Evans 510-455-4109
Conventional - 7years
FHA - 3 years
VA - 2years
Conventional - 2 years after settelement with 20% down, 4 years after settlement with 10% down
FHA - 3 years after settlement
VA - 2 years after settlement
Conventional - 4 years since discharge
FHA - 2 years since discharge
VA - 2 years since discharge