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How long after foreclosure until a buyer can qualify for a new mortgage?

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September 06 2011 - US
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Are you a fan of the movie Conspiracy Theory?

Curious as to where you are hearing the rumors...always question the source!

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September 09 2011
Whose website are your referring to?   The FHA rule is that 3 years need to have transpired since the FC.  Have you re-established your credit since the foreclosure?

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September 09 2011
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I' ve heard that it's 3 years for FHA but cannot find any real info on their website. The rumor is that lenders are blackballing people who had a foreclosure for 5 to 8 years.
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September 09 2011
Here is a previous advice thread that is somewhat similar to what your asking.  If you can provide some more information about your situation more members from our community can help answer your question.

Thank you,
Candace
Zillow Customer Support
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September 09 2011
 
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