Hi, I am looking at buying a home. 3 years ago I lost my job and went bankrupt and had a foreclosure. How long do I have to wait before I can get a conventional home loan? My credit score is 684 if that helps.
2007-05-09 15:14:15 · 4 answers · asked by MthrNatures_Son 4 in Business & Finance ➔ Renting & Real Estate
Foreclosure is what hurt you the most. I have banks that will lend to borrowers who are 2 years out of foreclosure. BK's not big a deal anymore.
Let me know if you would like more information or just visit my website at www.vegasloansbytami.com
2007-05-09 15:19:38 · answer #1 · answered by loansbytami 2 · 2⤊ 1⤋
bankruptcy stays on your record for 10 years you probably will not be able to buy a house before then. And a foreclosure is the nail in your coffin. You will need an extremely large downpayment and your interest rate will be through the roof. good luck.
2007-05-09 15:25:04 · answer #2 · answered by shardoggie 2 · 0⤊ 4⤋
If you plan to pay back the money , you can ask for a loan at Prosper. More information at http://www.acreditlibrary.com/prosper.html . You can also try your luck at online charities, people may send donations. More information at http://www.laodn.org/
2007-05-09 23:12:01 · answer #3 · answered by chrisstophe1975 2 · 0⤊ 0⤋
Don't ask us ask the bank
2007-05-09 15:20:40 · answer #4 · answered by banananose_89117 7 · 0⤊ 5⤋