Asked by Startingover2012, Elk Grove Village, IL • Fri Jun 22, 2012
I was forced into a short sale in 2010 due to unforseen circumstances and after 2 years of trying to sell my previous residence before things really got bad. However, I have picked up the pieces and moved on. My credit is now in the 730's and my income is almost twice as much as 2010 and I am paying down my debt systematically.
I know that in order to qualify for an FHA on a new residence, I need to wait three years, which puts me in March of next year (roughly). My plan is to purchase a single family residence that is less than 2x my income with an FHA loan. I'd like to get the ball rolling and present my most current credit report to a great mortgage broker to get feedback on what I should work on until the spring of next year when I would like to start looking again. Ideally, I'd like someone who has experience working with folks that have a short sale on their record and are interested in going the FHA route....
Real Estate in Elk Grove Village
Popular Categories in 60007
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!