- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (3)
- Gerrie Giotta, "Gerrie Giotta"
- Contributions:2
You are right about that. However, I would suggest you make an appt to come in and meet with our lender to make sure you are on the right track to rebuild your credit.
Look forward to hearing from you.
Gerrie
- Barbie Oehlschlager, "Barbie Oehlschlager"
- Contributions:37
You can definately purchase a home again in the next couple of years if you have sufficently rebuilt your credit and have a little bit of cash for the down payment. Depending on the lender and the underwriter you might be able to do it sooner than the 3 year mark.
I'd suggest finding an excellent direct lender with a smaller company who has more control over the underwriting process. Bigger banks have systems that are good at getting volumes of loans processed, but they are harder to work with if you need to be looked at on a case-by-case basis because of your situation. I've been very fortunate to work with Mike Westbrook with Intercoastal Mortgage over the last several years. He's made the buying process much easier for my clients.
If you have an experienced Realtor you trust ask for a referral to their best lender. This may or may not be a loan officer affiliated with their brokerage firm, but be sure to stress the importance of someone who will work with you on your situation.
Also, when it comes to credit it's good to talk to a lender before trying to tackle improving it my yourself. The credit agency rating systems can sometimes be counter-intuitive. You'll get to your goals faster this way.
I'd suggest finding an excellent direct lender with a smaller company who has more control over the underwriting process. Bigger banks have systems that are good at getting volumes of loans processed, but they are harder to work with if you need to be looked at on a case-by-case basis because of your situation. I've been very fortunate to work with Mike Westbrook with Intercoastal Mortgage over the last several years. He's made the buying process much easier for my clients.
If you have an experienced Realtor you trust ask for a referral to their best lender. This may or may not be a loan officer affiliated with their brokerage firm, but be sure to stress the importance of someone who will work with you on your situation.
Also, when it comes to credit it's good to talk to a lender before trying to tackle improving it my yourself. The credit agency rating systems can sometimes be counter-intuitive. You'll get to your goals faster this way.
- Gerrie Giotta, "Gerrie Giotta"
- Contributions:2
Yes you can, but the main thing is to keep all bills current and get that score up. Give me a call and we can set an appointment to make sure you are on the right track.
Gerrie Giotta
[phone removed by Zillow moderator]
Gerrie Giotta
[phone removed by Zillow moderator]
can I buy a house after a foreclosure?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.