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Most loans are FHA guaranteed. You must wait at least three years according to FHA rules. Also , you must re-establish your credit so that you achieve a score that meets the guidelines set by lenders.
You would need to discuss this with a lender or two in your area. People who have gone through a foreclosure are sometimes approved for a subsequent mortgage but that depends on many factors such as the time that has lapsed since the foreclosure, whether your economic circumstances have changed, if you have a down payment, if you have stable employment and can afford the payments, etc.
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∙ 13y ago
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Can you buy a house if you have a foreclosure on your credit?
you must restore your credit.
How long after foreclosure can you buy a house but your credit score are more than 740?
Ask your lender
After a foreclosure when would you be able to buy a home again?
Normaly your credit history will be damaged for 7 years.
Can you buy a house with a 740 credit score even though you have foreclosure a few years ago?
Ask your lender.
Is it possible to buy a house if you've already had a foreclosure?
Yes, you can. If you show good credit worthiness after foreclosure. Usually two years after. With at least 3 new accounts and with 1 account with a credit limit above $3,000.00.
Can you buy another house and let the one you are in go through foreclosure?
Yes. Note that your credit score would be adversely affected.
Can you buy a house with a 630 credit score a foreclosure and a bankruptcy 2 years ago?
It depends on who you're asking for a loan. But, maybe.
How soon can you buy a house with cash after foreclosure?
Never.....
can you buy a foreclosure with bad credit.?
If you nave all cash to pay for the foreclosure, and you are not trying to finance any part of the cost of it, then yes you can.
How soon after foreclosure and sale can you buy a house?
3 years
Do you get the best deal by buying a house at a foreclosure auction?
Yes, you get the best deal by buying a house at a foreclosure auction. You can read more at www.realtytrac.com/foreclosure/Auction/how-to-buy-homes-at-auction.html
My wife and I are totally disabled. We are on a fixed income. Military/ssn income. We had to foreclosure on a rental house,how is this going to affect our credit rating. Up to now we were in the 740 range?
A foreclosure will severally hurt your credit rating but you need to avoid using credit it costs you more than you can earn in the long run due to interest. Just save to buy what you want.
