Sounds like the loan officer at PNC was essentially an order taker, couldn't think on their own. Sorry you ran into someone like that, unfortunately a majority of the loan officers in the mortgage industry are similar.
What I have seen is that the foreclosure happened five years ago but the trade line may have had more recent activity.
The credit bureaus are unable, at the moment, to code the last activity date so as not to,start the time line all,over again.
You may be able to get this through on a manually underwritten FHA loan.
I am in Fremont if you would like to discuss.
If you have questions or want to take a closer look at a fast pre-approval and conversion, just let me know.
However FHA financing just requires 3 years from the foreclosure date & at least 12 months of re-established credit. Have you spoken with your loan officer regarding if you can apply for FHA financing? If so, what did they say?
Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans | 949-273-4161 direct