The answer is absolutely!!  There is a waiting period however.  Conventional financing is between 5 and 7 years, with extenuating circumstances it is 3 to 5.   Examples of Extenuating circumstances are due to death, illness, job transfer or accident resulting in severe injury. Generally, things that happen beyond your control and dramatically affect your ability to continue making your mortgage payments on time. Unfortunately, not being able to afford your payment due to an adjustable rate mortgage is not an extenuating circumstance.

FHA loans waiting period is 3 years after a Foreclosure.  You only need 3.5% down payment and a 640 credit score to qualify.

Call me today to discuss your unique situation and we can put you on the path to homeownership!

Thanks for installing the Bottom of every post plugin by Corey Salzano. Contact me if you need custom WordPress plugins or website design.


No Comments on Oct 17th 2012

Leave a Reply