Home Buying in Arlington>Question Details

kobiecook, Home Buyer in Arlington, MA

Purchasing after a Short sale

Asked by kobiecook, Arlington, MA Tue May 22, 2012

I was wondering if you know of any local lenders that are offering financing for someone who is not quite at the 3 year anniversary of there Short sale..Oct 15 will be the anniversary date.
I have great credit now and the downpayment of 3.5%
thank you

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Vicky Chrisner’s answer
I have recently been through this with other clients. Unless you are a vet, there aren't any "good" options other than waiting until you hit the 3 year mark - that's when you can get the FHA loan with the 3.5% down. Sorry.
0 votes Thank Flag Link Tue May 22, 2012
Please contact Fred Allard at http://www.fredallard.com and mention my name. He is a reliable mortgage professional and should be able to answer your questions. Or call Meredith Spence at Meredith.Spence@wellsfargo.com - each of them are great...
Web Reference: http://www.JamesTrano.com
0 votes Thank Flag Link Tue May 22, 2012
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