Waiting Period To Buy A Home After A Foreclosure or Short-Sale?

Kentucky Conventional Loans Foreclosures: 7 years from the foreclosure completion date (some applicants may qualify for a conventional loan only 3 years after with extenuating conditions including wage earner death, illness or job loss) Short Sale/Deed in Lieu-Short Sale: 7 year with less than 10% down of primary residence 4 years with 10% down on the … Continue reading Waiting Period To Buy A Home After A Foreclosure or Short-Sale?

Frequently asked questions about the lending process

  Source: Frequently asked questions about the lending process Where do buyers begin? Haley Newton, a loan officer with Starkey Mortgage in Sherman, said the first step in the buying process is not finding a house, rather it’s getting qualified for a home loan. Buyers need to first find out how much house they can … Continue reading Frequently asked questions about the lending process