.
FHA – If the mortgage was current at the time of the sale then there is no wait. If the mortgage was delinquent at the time of the sale there is a 3 year wait before you can get another mortgage.
.
VA – If the mortgage was current at the time of the sale then there is no wait. If the mortgage was delinquent at the time of the sale there is a 2 year wait before you can get another mortgage.
.
Fannie Mae – 4 years. If the mortgage was included in a bankruptcy then it will be based off the discharge date of the BK.
.
Freddie Mac – 4 years from completion date.
.
That’s it for today!
I hope you have a great day! Thanks for reading!
Brett
Texas renters are spending more than 30% of their incomes on rent. It can be…
If you are looking for a home in the outer suburbs or in a rural…
If you have credit card debt it’s smart to consider a consolidation loan. If you…
I wanted to let you know we have a 2% to 5% downpayment and closing…
Do you have investment property, and would like to pull cash out of your property?…
Texas renters are spending more than 30% of their incomes on rent. It can be…
