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info on getting loan after deed in lieu

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Post Posted: Tue Feb 08, 2011 9:37 pm    Post subject: info on getting loan after deed in lieu
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Can I still get a home loan if I do a deed in lieu paid in full on my current home? California. Does it hurt your ability to get a loan as much as a short sale or foreclosure?
Icon Mini Profile jerry
jerry
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Post Posted: Wed Feb 09, 2011 2:52 am    Post subject:
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Hi Guest,

You will have to wait for 3-4 years in order to qualify for a new loan after a deed in lieu of foreclosure. Moreover, it will lower your credit score by 250 points.

Thanks,

Jerry
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