Posted on: 22nd Aug, 2012 11:33 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?
Hi kwp,
In order to get a conventional mortgage, you will have to put a down payment of 20% where as in case of a FHA loan, you will need a down payment of 3.5% - 5%.
Thanks
In order to get a conventional mortgage, you will have to put a down payment of 20% where as in case of a FHA loan, you will need a down payment of 3.5% - 5%.
Thanks