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Would I qualify for a HomePath Mortgage

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smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Feb 03, 2011 12:27 am    Post subject: Like 0 Dislike 0 Hi Bradley! Welcome to forums! Your employment situation might pose a problem for you in order to qualify for a loan. Nevertheless, you should speak to the local lenders and start applying for loans. The lenders will check your financial and employment situation and let you know whether or not you'll be able to qualify for a loan. Feel free to ask if you've further queries. Sussane
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Mon Feb 07, 2011 2:14 pm    Post subject: Like 0 Dislike 0 I don't think too many lenders will have trouble with your current employment as long as it's a stable business, etc. Then again, what's stable in the USA in 2011? But seriously, your duration on the previous job, combined with the wealth of experience you have in your current field, ought to bring favorable results from any prospective mortgagee. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
Karmapolice Joined: 13 Feb 2011 Posts: 20 3.50 Dollars($)	Posted: Sun Feb 13, 2011 1:36 am    Post subject: Like 0 Dislike 0 It's definitely a very good start since you owe no money on your credit cards and you have never had a late payment and not to mention that you are a retired US Army veteran, I am pretty positive that you will be fine, Good luck. _________________ mortgages for people with bad credit available here. Instant cash out refinance quotes USA wide.
kevin78 Guest	Posted: Sat Jun 11, 2011 10:54 pm    Post subject: How long after forelosure would homepath approve a loan? Like 0 Dislike 0 Hello..i got approved for a home loan of 350k thru FHA after 3years of foreclosure..my fico score is around 725 and i have a steady job of over 10 years.. would homepath have the same guidelines or hold me to longer than the 3 years after foreclosure?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Sun Jun 12, 2011 11:29 pm    Post subject: Like 0 Dislike 0 Hi kevin! Welcome to forums! As far as I know, homepath mortgages have same rules. You will be able to get a mortgage 3 years after the foreclosure. Feel free to ask if you've further queries. Sussane
Mister Tibbs Guest	Posted: Wed Mar 14, 2012 8:14 pm    Post subject: Do I qualify and do I have to what two years? Like 0 Dislike 0 I sold a short sale home that was proccessing a foreclosure. The bank accepted the short sale. Missed about a years worth of payments, lost a business. Currently rent a house, have $400.00 on credit cards, no other payments but utilitie bills and phone. Credit score is 726. Have about $20,000.00 to work with.
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Mar 15, 2012 1:17 am    Post subject: Like 0 Dislike 0 Hi Mister Tibbs! Welcome to forums! Though you have a good credit score and will be able to provide a down payment, you will still have to wait for 2-3 years after a short sale to qualify for a mortgage. Feel free to ask if you've further queries. Sussane

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