Lenders wanted

HomeLenders wanted

WA, Residential, Purchase, $270K, FICO, 90% LTV

Posted on 2/23/2014 3:49:49 PM

Hello.

How soon after a foreclosure can a client get a new mortgage to buy a home?

I would like to know the answer based on a 95% ltv AND a 90% ltv.

Thank you.

Ben Link

REPLIES

by Erik Sandstrom on 2/26/2014 1:20:55 PM
If you're eligible for the FHA Back to Work program it would be 12 months after foreclosure.

Otherwise Conventional would be 7 years, FHA 3 years, VA 2 years & USDA is 3 years after the deed is transferred out of your name. Any questions please don't hesitate to reach out. 619 379 8999

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