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did a moderfaction loan 2 years ago making payments on time and I want to buy a new home with FHA will I be able (in ARIZONA)

by analuisaarvizu343 from Douglas, Arizona. Jul 25th 2014 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Yes, but we would need more info.. typically, only If your looking to purchase a primary residence, and we would need to know what you intend to do with the property with the modified mortgage.. selling it? Rent it? short sell it?, etc.. we would need more details to properly advise you.. I'm here local in AZ and would be happy to speak to you directly about your scenario.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jul 25th 2014
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Steven Ceceri (123LoanYes)
#12 ranked lender in Rhode Island - 723 contributions

Good Morning! Any new mortgage approval would require all of the necessary elements to be met, including having an adequate credit score. Also, assuming your current financing is FHA Insured, you will need to sell your current property before being eligible for a replacement FHA Insured Loan. I'd speak to a mortgage professional and have a full application processed including credit to see where you stand and what you may need to do in order to get fully pre-approved. Good Luck!

Jul 26th 2014
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