You had a foreclosure last year. Wouldn't you expect a lender wouldn't want to issue a loan to someone who defaulted on their mortgage just a year ago? If you have credit cards that go into collections you typically can't get a major bank to give you a line of credit. Why would they give you an even greater amount by far for a mortgage. It's just a major risk for the financial institute to issue a loan and a year out.... more
Usually you can get a loan about 2 years after bankruptcy, sometimes sooner. The biggest factors that can affect this are your income and down payment. If you are finding that you cannot get approved try increasing your down payment. Usually a larger down payment will make your home loan attractive to lenders, even if you have credit issues like a prior bankruptcy.... more
Ideally you talk with a lender to know what you can afford. I now want my potential buyers to sit and meet with me first. Then I explain the differences between an "on line" lender and a direct lender, etc. I will give referrals to my buyer.
Once they understand the buying process, how much they can afford, then we'll schedule the next step.... more
You can have a new home which you can customize!! There are different model homes that are well within you price range! And the best part, is the builder pays for the majority, if not all closing costs!
It's 30 min from Downtown Orlando, Lake Mary, Altamonte Springs, Winter Garden and maybe 45-50 min from all of the theme parks. It has a beautiful country feel and you will get more for you money! Private schools and FL Virtual School (free) are both great options other than public school, which meet standard. Montessori is in Leesburg, which is nearby. http://www.lakemontessori.com/... more