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When can I get another mortgage after bankruptcy-short sale-foreclosure?

If you or someone you know have had financial challenges such as a bankruptcy, foreclosure, short sale, deed in lieu of foreclosure or consumer credit counseling, you may be wondering WHEN CAN I GET ANOTHER MORTGAGE?  I get this question almost daily, so thought I would share this chart with you.  This criteria is subject to change, because various loan programs change their guidelines often, but as of today this is good information provided by a loan officer I know. 

I'd love to help you throughout the process of working on your credit and achieving your goal of purchasing a home, so contact me anytime if I can help!  I look forward to speaking with you soon.

 

Mortgage waiting periods after bankruptcy, foreclosure & short sale.

 

 


Cheryl Powell

ABR, SFR, Broker, Realtor

The Powell Team
RE/MAX Executive Realty
Mobile: 704-363-8902
c
herylpowellrealtor@earthlink.net

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Comment balloon 11 commentsCheryl Powell - The Powell Team • June 09 2013 07:23AM
When can I get another mortgage after bankruptcy-short sale…
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If you or someone you know have had financial challenges such as a bankruptcy, foreclosure, short sale, deed in lieu of foreclosure or consumer credit counseling, you may be wondering WHEN CAN I GET ANOTHER MORTGAGE? I get this question almost… more