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Answers (7)
- Bob Brenner, "GuildMortgageBob"
- Contributions:47
If the foreclosure was a FHA loan, then 3 years is minimum waiting period for a new FHA loan.
- Scott Butcher, "Central TX Expert"
- Contributions:109
I currently have of an FHA lender that will still go down to a 600 mid-FICO score in Florida, but obviously you need to get your FICO score up slightly to qualify. This isn't a huge stretch if you take the right steps in the next month or two and clean up your credit report. Current rates for this lender with a FICO of 600-619 would still be about 150 bps over the national 30 year note rate.
Regards,
Scott Butcher
- Drew Ludlow, "DrewLudlow"
- Contributions:505
What Lady said.... and may I just add that America seems to be the land of entitlement, not privilege.
I just have to ask... Why grapejellyrules1965? Why do you want to go that route again?
I just have to ask... Why grapejellyrules1965? Why do you want to go that route again?
- Debra (Debbie) Rose, "Livingston NJ"
- Contributions:2733
even if you could .............you shouldn't!
Work on repairing your credit scores... ...save some money........ clean up the damage the foreclosure has done.............once that is accomplished - then you can think about buying another home.
(Lady, you made me laugh!)
Work on repairing your credit scores... ...save some money........ clean up the damage the foreclosure has done.............once that is accomplished - then you can think about buying another home.
(Lady, you made me laugh!)
- Naima Sumner, "Dallas Ft. Worth PRO"
- Contributions:2847
Yes of course you can. It will have to be cash though.
- Deborah Garvin, "loanmonarch"
- Contributions:438
Possibly. With 50% down payment, 5-10 points and 12% interest rate....In other words a hard money loan. Someone might do it with only 35% down, but not very likely these days. Owner carry or a lease option are your only opportunities.
- Lady Chattel
- Contributions:3110
Of course, why, because this is America...where irresponsiblity is condoned and rewarded! Enjoy!
Is it possible to be able to buy a home with a foreclosure on credit score and with a score of 574 ?
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