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rafael_cueto · Joined: 17 Nov 2009 Posts: 2 1.28 Dollars($)

I short sale my house, and I got two offers already, can I at the same time buy another, my credit is excellent, I never stop paying my mortgage, but I can affor to pay $3,000 a month, I need to lower my payment

gunzijjistaff · Joined: 07 Apr 2009 Posts: 712 4.51 Dollars($)

Short sale will damage your credit score by some points. In this case you have to buy another asset after some time.You may apply for FHA loan if you meets the minimum requirements of FHA loans. You must have to maintain 620 credit score with 3.5% down payment & other mandatory requirements.

Thanks.

jameshogg · Posted: Tue Nov 17, 2009 11:02 pm Post subject:

Hi rafael_cueto,

Your query has been answered in the given page:
http://www.mortgagefit.com/annoucements/about30874.html

Take a look at it. I hope it'll help you.

Thanks

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