Home Buying in Santa Ana>Question Details

Purwansari_s…, Home Buyer in Lake Elsinore, CA

buying a property after a foreclosed

Asked by Purwansari_sulik, Lake Elsinore, CA Thu Feb 14, 2013

I had forclosure 6 years ago and planning to buy at least a mobile homes to start with.how long I have to wait to buy anotther property.

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Jovan Simon’s answer
Good Morning Purwansari_sulik,

In order to buy another property after have a foreclosure is 3 years if you want a FHA Loan and 4 years for a Conventional Loan. You are eligiable to buy a home and i cant get you pre approved for financing with 3.5% down and minimum closing costs. Please give me call so i can further assist you.

Jovan Simon

In House Lender

0 votes Thank Flag Link Thu Feb 14, 2013
After 3 years and you will need a 680 credit score. Of course you need to verify your income etc..
0 votes Thank Flag Link Thu Feb 14, 2013
After 3 years of foreclosure you can buy a property with an FHA Loan, with a 3.5% down payment.
0 votes Thank Flag Link Thu Feb 14, 2013
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