Borrower Eligibility and Time Requirements for New Loan after default

Conventional Financing – Fannie/Freddie Foreclosure/Short Sale/Deed-in-Lieu – 4 years must have elapsed – If more than 4 years but less than 7, you can only do a purchase of a primary residence and you must have a 680 middle FICO score with at least 10% down. Please keep in mind; however, if you put less [...]