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foreclosure 32 months ago when can I apply for a loan?

how long after a forelosure can I buy a house?updise on the house loan 270,000 appraised at 125,000 - same job 22 yrs- minimal debt
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January 21 2013 - US
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Answers (3)

Going FHA should be the shortest wait.. here are some guidelines per foreclosure:

FHA insured mortgages are generally not available to borrowers whose property was foreclosed on or given a deed-in-lieu of foreclosure within the previous three years. However, if the foreclosure of the borrower's main residence was the result of extenuating circumstances, an exception may be granted if they have since established good credit. This does not include the inability to sell a home when transferring from one area to another.

Contact me through my profile if you have any other mortgage questions, we do mortgages nationwide.

Regards,
Brynn
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January 22 2013

The best way to know for sure would be to talk with a lender. They have the expertise to know based on your foreclosure and credit scores. You could also talk with your bank to detemine what they might be able to do if you don't have a lender to talk with. They are there to assist you. We are here to serve you...the buying and selling public.

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January 22 2013
Have a word with at least two mortgage brokers and see what they have to say after they look at your financial background.  The best of luck, you seem to be going through a rough patch!
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January 21 2013
 
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