Bankruptcy, Foreclosure, Short Sale in Your Past? When Can I Buy Again?

For those looking to purchase a Fountain home that may have had a financial hardship in the past, an opportunity to purchase a home may be right at your fingertips. Seasoning requirements/waiting period for qualifying for a loan are as stated below:

Fountain Hills Home

Short Sale:
FHA- 3 years
VA- 2 years- 4 years depending on loan amounts
Conventional – 4 years, 2 years with documented extenuating circumstances
FHA- 3 years
VA- 2-4 years depending on loan amount
Conventional- 7 years
Chapter 13:
FHA 2 years
VA- 2- 4 years
Conventional- 2 years from discharge date or 4 years from dismissal date
Chapter 7:
FHA- 2 years
VA- 2-4 years depending on loan amount
Conventional- 4 years

Contact me today and I can refer you to a qualified lender that you can talk with. Don’t let the past hinder your future, Interest rates are low, inventory is plentiful and this may be the perfect opportunity to become a homeowner again.

I live and work in Fountain Hills and have been helping buyers and sellers navigate the real estate market since 2004. Call me today at 480 888 6708 for more information regarding Fountain Hills real estate.


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