Where can I find a convential lender when I have a forecllusre 2 years ago?

Hard money will be your only option... there are no conventional lenders out there who will finance until 3 years has passed.. (VA is the only exception).. 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

You should be able to find a lender just about anywhere in GA that would be willing to help you. There shouldn't be any need to go with a private money lender (if that is what you were referring to) unless you haven't re-established your credit or have continued to have poor credit. If that is the case then you would most likely need to be no higher then 60% LTV and expect to pay high fees. If you have a credit score above 620-640 and do not have any active judgements or tax liens against you then you should be able to qualify for an FHA. With an FHA loan the property that you want to purchase must pass an FHA appraisal.

Because Fannie Mae and Freddie Mac will not allow for the purchase of a loan where the borrower had a foreclosure in the last 3 years, it is unlikely that you will find a lender willing to touch you and give you a 30 year fixed rate loan at current rates. I know of NO traditional lenders willing to lend in this arena (30 fixed at 4% or better). FHA requires 3 years as well. A hard money lender is an industry term for a lender that lends their own money, but does so on "hard" terms. Terms like 40% equity, 12% annual interest, etc. Nothing like the 3.5% 30 year fixed you could get if you didn't have the foreclosure. As you have experienced, you can't find someone to grant you a loan until three years, but still some are telling you: "You don't have to wait". Good luck with that. Spend your time getting your credit back in shape and upon completion of your "penalty period", you will be ready to go. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950

I need more information first.. was your loan a fha or a va

jim email me at yourloanpartnerforlife.com i have a broker in ga

jim correction yourloanpartnerforlife@live.com

no one

We provide loans to people in need of financial assistance. Apply for a personal loan at a low interest rate, with no credit check. e-mail us now for your financial solution. e-mail: mayfundsinc@live.com

You should be able to find a Private investor willing to loan you money at 70% LTV max depending on the rest of your risk profile and at around 7-8%

You will not qualify for an FHA, USDA, or conventional loan. Depending on your income, credit score, and down payment, there are other options for you.