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i did a shortsale 2 years ago, will i be able to qualify for a new mortgage. before the shortsale we were 6 mos late...we had a death in family and husband had to travel out of country. we have about 15% to put down

did shortsale about 2 yrs ago..before shortsale we were 6 mos late on mortgage due to a death in family and husband had to travel out of the country. we have 15% to put down, will we be able to quaify for mortgage by moaden_580_235 from Rancho Cucamonga, California. Oct 18th 2011 Reply


Ken Burrows (mortgagesforamerica)
#19 ranked lender in Nevada - 572 contributions

You do qualify for conventional financing now since it has been 2 years since the short sale. Since you have late payments on your credit from the short sale you will have to put 20% down. It may be possible to get approved for a VA loan if you are a Veteran with a potential of 0% down depending on the situation. If you can't come up with the 20% down for conventional you could wait until the 3 year aniversary and get an FHA loan with 3.5% down.Mortgage Wholesale Network specializes in helping people get a mortgage after they have been through a short sale. Our extensive knowledge and experience regarding mortgage loans after short sale will help you get a mortgage and put you back on the path to home ownership.Give me a call and we can discuss your situation.Jared Leichliterwww.mortgagewholesalenetwork.com909-942-6226

Oct 18th 2011
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Gregorio Denny (GVDenny)
#257 ranked lender in California - 380 contributions

Save up 20% and you may qualify.

Oct 21st 2011
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