Question Details

Angela Parmer, Other/Just Looking in 36575

Can we buy a new home if we have had a recent foreclosure? If so, who do we call?

Asked by Angela Parmer, 36575 Mon Mar 23, 2009

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You are probably not going to find someone that will give you a loan with a foreclosure on your credit report or with extremely late payments. Some people have to wait 5 years after a foreclosure to get a loan just depending on your situation. If someone does your payment will more than likely be extremely high and may not be a fixed rate. I would look at all your options but I think it would be tough for you to get a loan on a new home.
0 votes Thank Flag Link Tue Mar 24, 2009
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