The Rule of Thumb on Buying Again after a Short Sale or a Foreclosure

Here is a breakdown on purchasing again after going through a Short Sale or a Foreclosure:

Short Sale

FHA Loans – May purchase again after 3 years with 3.5% down

Conventional – May purchase again after 2 years with 20% down

Foreclosure

FHA Loans – May purchase again after 3 years with 3.5% down

Conventional Loans – May purchase again after 3 years with 20% down

** Must have a credit score of 680 or better and have re-established credit **

If you are looking for further information either contact your local CPA or a reputable Loan Officer. If you need referrals, let me know!

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Raised and educated in the Bay Area, I have an unique insights and perspective on the area. As a Mother I have first-hand knowledge of the local school systems, as well as recreational and business opportunities. My clients' satisfaction is my ultimate goal, and my genuine love of people makes a personal approach to service the key to fulfilling Real Estate dreams Whether buying or selling, I am committed to meeting my client's expectations. I understand that buying or selling a house can be a stressful time. With my expert knowledge of the real estate process, I am able to guide my clients and relieve some of the stress. I love what I do, and I am dedicated to providing professional service with honestly and integrity. My mission is not complete unless my clients are happy. Please contact me if there is anything I can do to help you.

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