And VA is only 2 years.
Extenuating circumstances are defined in this link...https://www.fanniemae.com/content/guide/sel120110.pdf
Please contact me if you have any more questions and I will be more than happy to look at some things for you.
Envoy Mortgage, Ltd.
NMLS# 947738 / AZ# 0921717
Here is the link to the article: http://www.dsnews.com/articles/fha-trims-waiting-period-for-
Best of luck!
Brittany Celaya, RealtorÂ®
20860 N Tatum Blvd #140
Phoenix, AZ 85050
You have any more questions - http://ForeclosureIQ.com
It means a lot and the most Significant is that "The waiting period requirements for Fannie Mae borrowers who have had a previous deed-in-lieu of foreclosure or preforeclosure sale are being updated to now require a four-year waiting period".
There is more you can read about this online.
I am proud to say that my Company has provided a Solution for Clients that have had 1 Short sale or 1 Foreclosure or 1 Deed in Lieu and Want to Purchase Or Refinance a Primary Residence in AZ, CA, DC, FL, HI, IL, MD, MT, NV, NY, NC, NJ, OR, SC, VA, WA, They Do Not have to wait 2 - 7 years as they can Do it Now.
No waiting period at all.
Share this with anyone you know that wants to get back the pride of homeownership or reposition their existing.
Connect with a local lender who can examine your circumstances and advise accordingly.
Syan Real Estate
Call/Text: (505) 730-8181
New Mexico Real Estate: http://www.syan.com
Yes, we have a portfolio loan available in AZ (and 13 other states) that would allow you to buy again right after foreclosure (maximum 1 foreclosure/short-sale in past 5 years). The BK needs to be seasoned 2 years, which it has in your situation. The rates are very competitive with conventional loans. You just need a 660 minimum mid FICO and a 20% downpayment and you are good to go. Let me know if you would like any more info. Thanks.
I suggest you call Ros Moore at Sun West Mortage at (480) 422-5095 to get the most accurate information given your facts. The specific dates of the Chapter 7, foreclosure or short sale will determine the answer based on your debt to income ratio and other criterion..
I would be please to discuss your options as well 623-688-0004.
Jose Dias, REALTOR
3 years if delinquent at the time of the short sale
No waiting period if current on all debt at the time of the short sale
(Borrowers are not eligible for a new FHA mortgage if they pursued a short sale agreement on his or her principal residence simply to take advantage of declining market condition to purchase at a reduced price a similar or superior property or if their short sale was on an FHA mortgage)
Bankruptcy: 2 years with reestablished credit
Chapter 7: 2 years with reestablished credit
Foreclosure: 3 years with reestablished credit