Forgotten Your Password?

Need to Register?

Question Icon

I own my home valued at +$160K but I co-signed for my daughter and she was foreclosed on in 9/12 with FHA loan. Can I get a loan?

by rd960832 from , Arizona. Sep 15th 2014 Reply


Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Your most likely option will be a FHA mortgage (unless you are eligible for VA) as long as there isn't an outstanding balance shown as owed by you in the government tracking system. Conventional will not be an option for 7 years after the foreclosure. If you have a large downpayment and good credit a local community bank might consider it, otherwise I can't think of an option for your situation

Sep 16th 2014
0
0
Subscribe to our news feed.