Foreclosure and bankruptcy 2 years ago...am I eligible for financing now?

Conventional /Conforming 3 YearsFHA Less than 2 years, but not less than 12 months from date of foreclosure completed and transferred back to bank may be acceptable if the result of extenuating circumstances ( serious illness or death of a wage earner. Divorce and the inability to sell a property due to a job transfer or relocation to another area does not qualify as an acceptable extenuating circumstance.VA 12-23 months from date foreclosure completed and transferred back to bank if credit re-established and paid as agreed and was caused by acceptable extenuating circumstances. John Schlobohm Mortgage Planning Specialist Luxury Mortgage Corp. 914-433-4646

Hi Nick! The BK is one factor to review and the others include, but are not limited to Mortgage Payment History (if you have an existing mortgage), payment history on all accounts since the BK was discharged, current credit score, etc. I'd be happy to work with you on this. I actually live in Massachusetts, but work for a Nationwide Direct Lender. We have many programs and I should be able to at least give you information you need to move forward! Thank you!

In most cases you will need to wait 3 years after the foreclosure sale date and 2 years from the discharge date of the BK.. Contact a local lender to discuss your specfic situation

Yes 2 years from the date of discharge!Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation.Ask for Michelle or Benny We will find the Best Mortgage Option to suit your needs!You can check us out at www.BestMortgageOption.com