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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.
What else can I help you with?
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.
Can you buy another house with cash if your old house was in foreclosure?
Yes, you can still buy another house with cash even if your old house was in foreclosure. Foreclosure does not prevent you from purchasing property outright with cash, as long as you have the funds available. However, it may impact your credit score and could make it more challenging to obtain a mortgage in the future if you choose to finance a home. Always consider consulting a financial advisor for personalized advice.
How soon can you buy a house with cash after foreclosure?
Never.....
How can I establish credit in order to buy a house?
To establish credit for buying a house, you can start by applying for a credit card or a small loan, making timely payments, keeping your credit utilization low, and monitoring your credit report regularly. This will help you build a positive credit history, which is important when applying for a mortgage to buy a house.
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
