We have come through one of the roughest financial times the country has seen in many decades. So now the biggest question we are hearing as a Realtor is…. When can I buy a new home?
Great Question.
For obvious reasons and some not so obvious, the financial industry has tightened their lending guidelines.
Question: How long after my short sale/BK/Foreclosure do I need to wait before I can qualify for a new home loan?
Answer: It depends.
It depends on your situation and what category you fall under. Fannie Mae, Freddie Mac, FHA, VA, USDA Rural and JUMBO all have different guidelines.
Download the explanation Waiting Periods document here. Then contact us to help you get back into home-ownership.
SEPTEMBER 2018 REAL ESTATE MARKET UPDATE FOR RIVERSIDE COUNTY, CA.