FHA Guidelines After Short Sale 2016
FHA guidelines after short sale 2016 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?
Call us 888.958.5382
We look forward to working with you.
FHA Guidelines After Short Sale 2016 Florida
What's the minimum credit score needed to buy a house or refinance in Florida?
Call 888.958.5382
FHA loans
FHA loans require a minimum 500 credit score to buy a house or refinance
VA loans
VA loans require a minimum 500 credit score to buy a house or refinance
Fannie Mae
Fannie Mae loans require a minimum 620 credit score to buy a house or refinance
USDA loans
USDA loans require a minimum 580 credit score to buy a houseor refinance
HOMEPATH
HomePath loans require a minimum 620 credit score to buy a house
HARP refinance
HARP loans require no minimum credit score torefinance
Freddie Mac
Freddie Mac loans require a minimum 620 credit score to buy a house or refinance
Want to know if you qualify for an FHA loan? Get pre-approved for an FHA loan online.
Call Now, Our Staff is Available!
888.958.5382
Jun 01, 23 09:40 AM
May 31, 23 10:59 AM
Mar 02, 23 07:59 AM