Posted on: 10th Jul, 2010 12:18 pm
I sold my home on a short sale approximately 16 months ago when my income was drastically reduced by my employer. Now i have taken another job making $295,000 annually with only approximately $5000 per month being paid for debts. My credit score is about 675. Would I qualify for any type of new mortgage loan at this time?
It's possible, it would depend on how you went about the short sale. If you remained current during the process, there is a good chance you could be eligible now. More information is needed; your best bet is to sit down with an experienced loan officer.
Your credit score is fine, some good mortgages can be found for people with 620 up. So you need to check further down the details.
Did you ever go late on the mortgage or on any other debts during that time?
