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Can I get a purchase loan?

I have a good paying job, FICO 720 and good assets.. But I had a foreclosure 4+ years ago.
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June 23 2013 - San Mateo
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Answers (7)

Conventional loans typically require 7 years from foreclosure date.  FHA is a great loan in your case if you're looking to buy in the short term.
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June 25 2013
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In response "can I get a conventional loan?"    Maybe.  How much do you plan to put down?
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June 23 2013
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Thanks for the replies. I understand that I can get a FHA loan.
But can I get a conventional one?

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June 23 2013
At this point, a foreclosure should not be an issue. I would be happy to give you some options. [content removed by Zillow moderator due to self-promotion. Please refer to our Good Neighbor Policy for more information.]
All The Best
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June 23 2013
The short and simple answer is yes. FHA or VA guidelines allow for a Foreclosure after 3 yrs from the date Title was transferred out of your name. [content removed by Zillow moderator due to self-promotion. Please refer to our Good Neighbor Policy for more information.]
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June 23 2013
Most likely, yes. Talk to a good, reputable mortgage broker or your favorite lender (just not the no that foreclosed on you:) and they should be able to help. [content removed by Zillow moderator due to self-promotion. Please refer to our Good Neighbor Policy for more information.] 

David
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June 23 2013
You should be able to obtain an FHA loan amoungst other products.  The FHA is the most common.  3 year seasoning is typical from the time of the foreclosure to the time you apply for the new loan.  With FHA you will be able to put down as little as 3 1/2 down payment.  If you are looking to buy in California or Colorado, [deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]

Respectfully,
Eddie W. de Leon
Senior Loan Officer
[deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
NMLS #238369
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June 23 2013
 
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