http://www.trulia.com/voices/Financing/How_soon_can_I_expect_to_get_a_new_home_loan_after-126446past foreclosure? Foreclosure shows up on my credit report as of July 08'.en-ushttp://www.trulia.com/voices/profile/Real_Estate_Pro-Philadelphia_PA-604776/http://www.trulia.com/voices/profile/Real_Estate_Pro-Philadelphia_PA-604776/Is this "new" home significantly less in terms of loan value? Because if you just recently foreclosed, how will you be able to afford another home. -SeanSat, 30 May 2009 11:16:44 -0700http://www.trulia.com/voices/profile/Both_Buyer_And_Seller-Las_Vegas_NV-772390/http://www.trulia.com/voices/profile/Both_Buyer_And_Seller-Las_Vegas_NV-772390/I know a broker who could help. If I can be of service, please let me know! wanaloan@gmail.com Delia I am on line now!Sat, 30 May 2009 02:51:36 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-48170-173414/http://www.trulia.com/voices/profile/Real_Estate_Pro-48170-173414/RISK is a four letter word (literally and figuratively) to lenders nowadays. This means you're probably going to have a very difficult time finding any lender to give a mortgage that doesnt meet Conforming (Fannie Mae/Freddie Mac) OR FHA approval guidelines. Conforming guidelines are currenlty 5 years after the foreclosure. FHA guidelines dictate 3 years must pass. The pertinent date is the date of the sherriff's sale by the way Good luckWed, 20 May 2009 13:10:47 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Mesa_AZ-324155/http://www.trulia.com/voices/profile/Real_Estate_Pro-Mesa_AZ-324155/The guidelines for a Fannie Mae backed loan changed last year. Their guidelines right now are: 5-year time period from completion date Additional requirements that apply after 5 years up to 7 years following completion date: • The purchase of a principal residence is permitted with a minimum 10 percent down payment and minimum representative credit score of 680. • Purchase of a second home or investment property is not permitted. • Limited cash-out refinances are permitted for all occupancy types pursuant to the eligibility requirements in effect at that time. • Cash-out refinances are not permitted for any occupancy type https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2008/0816.pdf I think that Freddie Mac is the same but I can't find their info. right now. It never hurts to ask after your foreclosure has had some seasoning. Things are changing all the time. Seller financing (as Joan mentioned) might be a great option for you as well. Best of luck! With Your Success in Mind, Shar Rundio Keller Williams Integrity First Realty 480.560.7255Tue, 19 May 2009 19:19:11 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-San_Diego_CA-216671/http://www.trulia.com/voices/profile/Real_Estate_Pro-San_Diego_CA-216671/I have heard 7 years, but I believe you will be able to get one sooner than that. I would wait a year, then start asking about every 6 months. As far as who to work with...that depends on who gives you the right answers. Be careful not to get into "hard money" with very high rates. You can also look for owners who are willing to carry the loan. Best of luck, Joan Wilson -Realtor Prudential 760-757-3468Tue, 19 May 2009 17:27:22 -0700