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
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
Save up 20% and you may qualify.
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