FHA Guidelines After Short Sale 2017 FHA
FHA guidelines after short sale 2017 FHA lets you qualify after three years from a short sale. FHA guidelines requires three year past from the date of sale.
FHA guidelines for short sale allows a borrowers with a minimum credit score of 500 qualify for a FHA loan. After a short sale, above 580 credit score and three years past the sale date FHA allows only 3.5% down payment.
Credit Score
If your credit score is below 580 new FHA changes require a 10% down payment. The down payment funds can be the borrowers own funds or a gift from a family member and up to a 6% seller's concession is allowed.
New FHA Collection Account Guidelines
Bankruptcy Foreclosure and Short Sale
Short Sale - FHA guidelines lets you qualify for a loan after three years from a short sale. FHA guidelines requires three year past from the date of sale of the property.
What documentation will I need?
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FHA Guidelines After Short Sale 2017 Florida FHA
Sep 27, 23 11:46 AM
Sep 27, 23 11:45 AM
Sep 27, 23 11:44 AM
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Minimum Credit Score Needed
to Buy a Home or Refinance
FHA
Requires a minimum credit score of 500 to buy a home or refinance
VA
Requires a minimum credit score of 500 to buy a home or refinance
Fannie Mae
Requires a minimum credit score of 620 to buy a home or refinance
Freddie Mac
Requires a minimum credit score of 620 to buy a home or refinance
Call Now, Our Staff is Available
888-958-4228