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 tybailey
Joined: 26 Nov 2007
Posts: 2
1.83 Dollars($)
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 Posted: Tue Nov 27, 2007 7:05 am Post subject: Foreclosure 5 years ago. When will I be able to purchase an |
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| What mortgage companies or programs are available for this situation? |
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evolovik26
Community Experts
Joined: 15 Aug 2007
Posts: 538
Location: Minneapolis
28.93 Dollars($)
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| Posted: Tue Nov 27, 2007 8:16 am Post subject: |
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If you have reastablished your credit since your foreclosure and have not been late on your existing credit in last 12 months then you can be eligible now.
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Eugene Volovik
Home Loan Consultant
Countrywide
612-481-3127
Conventional, FHA and Commercial Lending in 48 states |
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michelle
Community Experts
Joined: 08 Oct 2007
Posts: 152
40.19 Dollars($)
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| Posted: Tue Nov 27, 2007 10:35 am Post subject: |
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tybailey,
As long as you have re-established your credit, just about any lender should be able to help you. You can search for a lender in your area by clicking on the Lender tab at the top or you can also request a mortgage quote by clicking the appropriate tab.
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Michelle Keck
Mortgage Network Solutions
302-252-0100
www.michellekeck.com |
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willisaddo
Joined: 10 Oct 2006
Posts: 32
Location: Atlanta
17.53 Dollars($)
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| Posted: Tue Nov 27, 2007 2:25 pm Post subject: |
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How about we give a shoot now! It will only take a few minutes of your time to find out if you're eligible for financing on your new home. If not, I will be able to tell you what you'll need to do in order to be able to obtain financing.
Are you ready?
Will |
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uptightmortgageguy
Joined: 25 Nov 2007
Posts: 21
Location: WV
8.00 Dollars($)
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| Posted: Tue Nov 27, 2007 6:58 pm Post subject: Please remember. |
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If you are renting, it can be used to your advantage. Satisfactory payment can and likely will be used to prove your ability to pay. Two years is the usual seasoning, however, there are exceptions that can cause the seasoning to be as little as 18 months.
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A slightly irritable loan officer in the trenches offering advice on all types of mortgage issues.
http://uptightmortgageguy.blogspot.com |
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scherzeroni
Joined: 05 Jan 2008
Posts: 51
18.77 Dollars($)
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| Posted: Sat Jan 05, 2008 8:27 pm Post subject: |
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Your rate will be higher and you will probably need to put down a little more. I would guess that you would have to put at least 10% down payment.
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Irene
www.real-mortgage-quotes.com |
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