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If you've been in foreclosure, your credit must have trashed down and this is what will stop you from buying a home or qualifying for a new mortgage after foreclosure. You'll have to organize your finances and get financially stronger prior to getting a home loan again.
You can try getting a loan 1 year after foreclosure but chances are you'll be charged with very high rates. The best thing is to wait for at least 2-4 years to get the better and lower rates on your new loan. Even if you'd like to get a mortgage after 2 years, you can try out with FHA loans but youneed to haveminimum score of 580-600 especially in times of mortgage and housing crisis.
This is from an article I found by googleING the same question.
What else can I help you with?
How long wAit to purchase a home after a short sell?
There is not a time limit on how long you have to wait to buy a home after a short sell. It all will depend on how long it takes to clear.
Can you buy a home after foreclosure with a cosigner?
Yes. And you may be able to buy it without a co-signer.
How long after foreclosure can you buy another home?
Depends on how long it takes you to raise your credit score back to an 'excellent' rating and save enough money for a down payment.
How long after foreclosure can you buy a house but your credit score are more than 740?
Ask your lender
What can happen to a home or farm when the owner fails to pay off loans taken to buy the property?
Foreclosure.
How long wAit to purchase a home after a short sell?
There is not a time limit on how long you have to wait to buy a home after a short sell. It all will depend on how long it takes to clear.
How soon can you buy another home after foreclosure?
3 years
Can you buy a home after foreclosure with a cosigner?
Yes. And you may be able to buy it without a co-signer.
How long after foreclosure can you buy another home?
Depends on how long it takes you to raise your credit score back to an 'excellent' rating and save enough money for a down payment.
What are the release dates for House Hunters - 1999 A Neglected Home in Foreclosure Tempts Atlanta Buy?
House Hunters - 1999 A Neglected Home in Foreclosure Tempts Atlanta Buy was released on: USA: 8 December 2010
How long should you wait to buy a home pregnancy test?
2 weeks after sex at the earliest
What are your rights during a foreclosure on your home?
It actually depends on your state, as the foreclosure laws are set by state. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure.
Can you buy a home under bankruptcy?
If our home is in foreclosure,and never reaffirmed the debt through chapter 7-how will it affect us getting a home?
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 a spouse not on the deed buy the home at foreclosure?
I don't know anything about this but i don't see why not she wouldn't be able to!.Do what it do!
What can happen to a home or farm when the owner fails to pay off loans taken to buy the property?
Foreclosure.
