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abeavers · Joined: 08 Feb 2009 Posts: 1 1.50 Dollars($)

What lender will provide a new mortgage after my short Sale about 2 years ago-It was a FHA Loan...Let the community guide you. Post Your detailed question here.

Guest

I am a mortgage broker. If I can be of service, please let me know!

M Smith

Edited by moderator for solicitation

Caron · Posted: Tue Feb 10, 2009 3:58 am Post subject:

Hi Abeavers,

Welcome to our forums.

Since it's been 2 years you've done a short sale, I think you must have rebuild your credit. What's your credit score? I hope you don't have collections or delinquencies on your credit report.

Depending upon the negative items you may have, there can be a number of lenders ready to finance your home. While you shop around for the right loan, attend a free loan consultation with the lenders in this community. Send in your request for no-obligation free consultation on the mortgage that would best suit your needs. The lenders will analyze your situation and then suggest the right loan option for you.

Good luck

elnoralittle · Posted: Tue Feb 10, 2009 6:19 am Post subject:

Most Lenders want to be sure that you have had a clean credit history since the shortsale. The shortsale term is 2 years. So after the two years, you should be able to purchase if you have shown credit worthiness.

You should meet one on one with a lender and discuss the items that led up to your short sale so that you can avoid those mistakes in the future. Some companies will require you to take a homeownership course, just to strengthen your application.

Good Luck!

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