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When Can I Get a Mortgage Again?

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Mortgage and Lending with C2 Financial NMLS# 331867

When Can I Get a Mortgage Again?

As a mortgage banker, I get asked all the time by clients, "Derek, when can I get a mortgage again?"  With the amount of short sales and foreclosures that we unfortunately had to go through these past few years, I wanted to put up a chart for you, so that you can see exactly how long you will have to wait after an unfavorable credit event, until you can buy your next home. When Can I Get a Mortgage Again?

 

So, When Can I Get a Mortgage Again?  Just look at the chart and you will see.  And as always, please call me or email me with any questions… especially of you think you might have an extenuating circumstance. And NO, a divorcee does NOT count as an extenuating circumstance, sorry. When Can I Get a Mortgage Again? Let me help you develop a plan to get you in your next new home.

When Can I Get a Mortgage Again?

 

When can I get a mortgage again

 

 

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Derek McClintock, CMP

Certified Mortgage Planner | Senior Loan Officer

Mortgage Broker | Direct Lender

Direct Phone: 619-647-3069

Website: www.derekmcclintock.com 

Email: mcclintockmortgage@gmail.com

NMLS #331867 | CA BRE# 01361776

C2 Financial Corporation NMLS#135622 | CA BRE# 01821025

 

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The views expressed in this blog are of Derek McClintock and not C2 Financial Corporation.

 

This licensee is performing acts for which a real estate license is required. C2 Financial is licensed by the California Dept. of Real Estate, Broker # 01821025; NMLS # 135622.

 

 

Derek McClintock
C2 Financial - San Diego, CA

Yes and with FHA and VA, if the borrower was current throughout the short sale, they could potentially get an FHA or VA loan the next day after their short sale was completed.  Not a lot of people know that.

Mar 07, 2012 10:30 AM
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I didn't realize that FHA, VA and Rural Development had a shorter time frame. Thanks for the handy chart.

Mar 07, 2012 10:32 AM