Posted on: 12th Mar, 2014 12:12 pm
Hi, I was wondering if there are any home loans that my husband and I could get or will it still be awhile. My husband and I had great credit until a few years ago when so many otheres struggled as well (2010) we had a bankruptcy. We had two houses and we let both go back. Except we stayed for about two years in the one till (9/ 2012) understanding that it was all done with the bankruptcy. However our credit score is 699, 710 how long will it take to be able to get a home loan?-Ann
Your shortest wait will be 3 years from when the last home trasnferred out of your name - if it transferred when you moved it would be 9/2015 - however it usualy takes banks a while to put the home back into their name - You should check to see what that date was so you have a better understanding of when you can get a mortgage. For banks this is considered the same as a foreclosure.
Brian Barnes
ENG Lending
Nationwide Lender
Brian Barnes
ENG Lending
Nationwide Lender