Question Details

Sanel, Home Buyer in Rochester, MN

my husband and i foreclosed on a house 2 yrs ago. I dont work he is the only one that works right now. his credit is not good. is there a way we can?

Asked by Sanel, Rochester, MN Wed Feb 8, 2012

get a loan for a house?

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Generally after foreclosure it can take anywhere two to seven years before one would qualify for a mortgage; much would depend on the circumstances that led you to foreclose, current income, credit, debt, etc.; for a personalized answer visit with any licensed loan officer.
0 votes Thank Flag Link Wed Feb 8, 2012
I do not know your exact credit profile, but with the information you provided I would consider it unlikly for a bank to loan you money without a large down payment (20% plus). Maybe you can talk to a large local Rochester brokerage that can contacts its agents to find homes that may have private financing, ex owner financing.

Daniel K. Wyka
Cell: 239.398.5667

Keller Williams Elite Realty
24851 S. Tamiami Trail, Suite 1
Bonita Springs, FL 34134
0 votes Thank Flag Link Wed Feb 8, 2012
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