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home loan after foreclosure but good credit

Is it possible to get a mortgage four years after foreclosure? I have credit of 670. by weshallifax from Tulsa, Oklahoma. Feb 10th 2011 Reply


Steve Cooley (steve.cooley)
#5 ranked lender in Oklahoma - 16 contributions

Yes, you only have to have 3 years from foreclosure to qualify. 670 score is good and still should make you eligible. What State are you in?

Feb 10th 2011
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Rich Constantine (rconstantine)
#399 ranked lender in California - 79 contributions

After 3 years from the date of the Foreclosure you can buy again. Your FICO score would allow for the Purchase. Are you looking for FHA or Conventional? Another great thing, I work with all 3 credit bureaus and could potentially increase your FICO if needed. We are a Federal S&L and I lend in all States. Hope this helps. RC

Feb 10th 2011
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Patrick McCarthy (PatrickM)
#22 ranked lender in Ohio - 196 contributions

Hi Wes. The score is fine, the time out of foreclosure depends upon the actual date the bank took back title to the home. If that is over 3 years, you should be fine there, as well. However, most lenders now want to see good established credit of at least 4 accounts paid as agreed for the past 24 months after a foreclosure. Have you considered how much down payment you would like to put down? Feel free to call on me for more help if you like.I can lend in 47 states.Patrick McCarthy, Northpointe Bank, 866-901-3576

Feb 10th 2011
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