I wanted to quickly go over the waiting period various loan programs have for Foreclosure.
FHA – 3 years from completion date. Exceptions with extenuating circumstances are allowed.
VA – 2 years from completion date with an automated system refer.
Fannie Mae – 7 years from completion date, or if you can get an automated approval sooner, the wait can be less.
Freddie Mac – 7 years from completion date, or if you can get an automated approval sooner, the wait can be less.
That’s it for today!
I hope you have a great day! Thanks for reading!
Brett
These loans are designed for self employed people that have trouble proving their income through…
I’ve written about this before, but we have more and more people passing the age…
I had this situation come up again last week, and I wanted to address it…
One of the most important things you will have to do when you apply for…
I wanted to remind you that we have a 2% to 5% downpayment and closing…
If you receive money from the State or a County sponsored organization for providing foster…
