Posted on: 22nd Aug, 2012 02:32 pm
With a steady, growing income of six years ($100k), and a credit score over 650, how long after a foreclosure would I have to wait to buy another house ($215k)? Any idea how much I would need to put down?
Hello Kwp,
This is one thing which can work on your favor to get the loan. The creditor totally understands the economic situation and can predict under what circumstances you have foreclosed your loan.
:idea:
This is one thing which can work on your favor to get the loan. The creditor totally understands the economic situation and can predict under what circumstances you have foreclosed your loan.
:idea:
Hi kwp,
After a foreclosure, you need to wait for 3-4 years in order to qualify for a loan. In the meanwhile, you need to take steps in order to improve your score.
Thanks
After a foreclosure, you need to wait for 3-4 years in order to qualify for a loan. In the meanwhile, you need to take steps in order to improve your score.
Thanks
