Get A 2nd Chance At Homeownership
Call With Any Questions Or Concerns 562.424.4477
From 2006 to 2014, more than 9.2 million Americans lost homes to foreclosure, short sales or deeds in lieu of foreclosure, according to the National Association of Realtors. For many who lost homes during the housing crisis, enough time has passed that they may once again be able to get a mortgage to buy another home.
How long you need to wait varies by program. In general, you'll need to wait seven years after a foreclosure or short sale to get a conventional mortgage, three years to get a Federal Housing Administration or U.S. Department of Agriculture loan and two years to get a loan backed by the U.S. Department of Veterans Affairs.
But those time periods can be shortened to as little as one year for a VA or FHA loan and three years for a conventional loan, if borrowers can demonstrate their defaults were the result of a significant hardship from which they have now recovered.
Our Homeownership counselors will discuss during our session and help you navigate through
Making sure the credit profile reflects a mortgage ready buyer
Help you set proper time frames and expectations in this process
Verify job stability
Review acceptable documentation of Income
and so much more…
Schedule An Appointment To Get Started Today