Licensed in the State of New Jersey  

Licensed in the State of Florida

See If You Qualify


FHA loan after foreclosure 2014

FHA loan after foreclosure 2014

December 11, 2013


A borrower whose previous residence or other real property was foreclosed on or has given a deed-in-lieu of foreclosure within the previous three years is generally not eligible.

Foreclosure must have been resolved for at least 3 years with no late payments since the date of resolution. 

Seasoning Requirements are determined by the type of loan:

  • Government loan: Seasoning is determined by the date the claim was paid
  • Loans other than Government: Seasoning is determined by the date of sale the lender sold the property

Borrowers with a prior foreclosure, bankruptcy, deed-in-lieu, or short sale may be eligible for an FHA insured loan if the bankruptcy, foreclosure, deed-in-lieu, short sale was the result of a documented extenuating circumstance.

Borrowers may also be eligible for an FHA insured loan on a purchase transaction after 12 months from the completion, discharge, trustee's sale if the borrower meets the requirements for extenuating circumstances Economic Event

To buy a home after foreclosure you must have a minimum down payment of 3.5% if your credit score is above 580. The down payment must be the borrowers own funds or can come from a gift.

Borrowers with credit scores below 580 must make a 10% down payment.

FHA loans have been helping people become homeowners since 1934. A perfect credit score is not needed for an FHA loan approval. In fact, even if you have had credit problems, such as a foreclosure, it's easier for you to get an FHA loan than a conventional loan.

Apply Now!

Call us 888.958.4228

FHA purchase FHA refinance FHA 203k loan FHA cash out $100 down loan

FHA loan requirements - ‎FHA loan limits - ‎FHA loans - ‎FHA Streamline


We look forward to working with you.


We recognize the importance to you of keeping your information secure and confidential. We will not sell or share your personal information.

KEYWORDS: FHA loan after foreclosure 2014 Florida,



Minimum credit score needed

to buy a house or refinance


Apply Now!

FHA

Requires a minimum credit score of 500 to buy a home or refinance

FHA minimum

credit score 500

VA

Requires a minimum credit score of 500 to buy a home or refinance

VA minimum

credit score 500

Fannie Mae

Requires a minimum credit score of 620 to buy a home or refinance

Fannie Mae minimum

credit score 620

Freddie Mac

Requires a minimum credit score of 620 to buy a home or refinance

Freddie Mac minimum

credit score 620


Call Now, Our Staff is Available

888-958-4228

Apply Now!