Aside from that you still have to meet the minimum score requirements of preferably 640 or maybe even 620. We can even go down to 580 but additional requirements need to be met. You also must have at least 3 tradelines(accounts) open and active during the past 12 months. Some lenders allow less. Call me if I can be of further assistance.
Florida Mortgage Coach
â€œWe Coach You Through the Mortgage Processâ€
Sedat Celik, Realtor
Take a look at your credit score -- after your short sale, what have you done to fix your credit?
Did you try to pay off as many bills as possible and on time? Or were you in a pattern of delayed monthly payments to your creditors?
Did you pay down, or increase your debt?
Did your household income increase or decrease since the short sale?
It also won't hurt to get a second opinion from another mortgage lender to see what kinds of program you may qualify for.
Two years from your short sale, you should be able to apply with a mortgage consultant and see where your credit is. Let me know if you would like a mortgage consultant to speak with you now to see where you stand, and I will provide you one.
Susan Penn, PA ,SFR, EWM Realtor
2000 Main Street, Weston, FL
Keller Williams Commercial Realty
2000 NW 150th Ave suite 2000
Be careful when considering "special financing". You have been down a long, hard road. A house should be a blessing and not a curse. Think through those options carefully.
I wish you the very best,
Mark Atteberry, SG Priest Realtors
Personal Service, Exceptional Results!
You will probably need a score over 680 to get a conventional loan.