Hell Mimi, you may now qualify ONE DAY after a foreclosure, short sale or deed in lieu with 20% down and minimum 620 fico score. You may qualify FHA ONE YEAR after a foreclosure, short sale, deed in lieu or BK under special circumstances like loss of income.
Generally you may qualify FHA 3 years after a foreclosure, short sale, deed in lieu and 2 years after a BK from a minimum 500 fico score. Conventional financing requires 7 years after a foreclosure, short sale or deed in lieu and 4 years after a BK with a minimum 620 fico score.
All lenders have either NO OVERLAYS or their own overlays. We as a mortgage broker have 25 banks to choose from to fit the right bank to your circumstance to obtain the lowest rates and best terms.
If you have credit issues, your credit scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
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