Buy A Home Again after foreclosureWhen Can I Buy Again After Foreclosure, Short Sale or Bankruptcy?

We have a lot of customers contact us and wonder about their credit.  There’s a lot of options and there’s unfortunately just as many “mis-information”  out there.  So we wanted to set the record straight on one of the most common questions, When Can I Buy Again After Foreclosure, Short Sale or Bankruptcy?

FHA Loans

VA Loans

USDA Rural Housing Loans

Conventional Loans

(Conventional Loans are loans the conform to Fannie Mae and/or Freddie Mac Guidelines)

All of the “Buy again” options allow for something called “extenuating circumstances” which is very similar to a “short sale hardship.”  The exception to this is divorce unfortunately.  This also sheds some light on the foreclosure vs short sale question. If you are struggling to get your score up after these events, there’s only one program we’ve seen work despite of the shadiness in this industry, CleanSlate.  If you need a free guide on fixing your credit pay them a visit. 

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