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Own home value is 480k clear, nothing owed. Last yr had default on other home. Can I get a loan?

by georgia.allen0204214 from , . Jul 16th 2013 Reply


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

If by default, you mean foreclosure, then NO!!. at least not with any type of conforming loan.. (FHA, VA, USDA, Conventional).. however there might be some hard money available.. the rates and terms will be terrible.. but you can get a loan.. For conforming loans, you need to wait a minimum of 3 years after a foreclosure to apply.. .. 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. 480-287-5714 WilliamAcres.com

Jul 16th 2013
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SHAHROKH CHARLES BEROKHIM (mortgageusa)
#87 ranked lender in New York - 68 contributions

yes you can....but need to know more detail about default and your jobfeel free to call me 516.728.5212

Jul 16th 2013
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Dave Metsker (DaveMetsker)
#36 ranked lender in Oregon - 2,318 contributions

Yes, but the terms will depend on a number of other factors.

Jul 16th 2013
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Barclay Butler (Barclay)
#83 ranked lender in Illinois - 76 contributions

When you say default, does that mean you lost the home in a foreclosure. Barclay Butler. 224-420-9990. bbutler@barclaybutlerfinancial.com. www.barclaybutlerfinancial.com

Jul 16th 2013
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

If by default, you mean foreclosure, then NO!!. at least not with any type of conforming loan.. (FHA, VA, USDA, Conventional).. however there might be some hard money available.. the rates and terms will be terrible.. but you can get a loan.. For conforming loans, you need to wait a minimum of 3 years after a foreclosure to apply.. .. 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. 480-287-5714 WilliamAcres.com

Jul 16th 2013
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Steven Cook (stcookmortgage@gmail.com)
#38 ranked lender in Washington - 256 contributions

Since we do not know the exact details of what you are asking, it is hard to give exact answer.You should contact a local, licensed mortgage professional to get more specific answers to your situation.

Jul 16th 2013
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Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,406 contributions

Actually, yes you can. Our Home Again! loan allows for foreclosures and shortsales as recently as yesterday. Give me a call. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Jul 17th 2013
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