Financing

Mortgage Alternatives- Can You Buy Sooner with Non-Traditional Options?

In light of recent economic years, many people have experienced adverse events in their lives- short sales, bankruptcy, foreclosure… This post describes typical waiting periods to be able to qualify for a loan again: https://bluepicketrealty.com/can-i-buy-a-home-again-after-a-short-sale-foreclosure-or-bankruptcy/ But, researching a bit further and getting creative, there are a few other options out there (although definitely not as desirable …

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FHA easing rules for some credit-impaired applicants

Borrowers with “extenuating circumstances” may qualify sooner to buy another home after a foreclosure, short sale,   bankruptcy, or deed in lieu of foreclosure. FHA is taking a slightly different approach to “extenuating circumstances” that may have triggered steep drops in an applicants’ credit scores. FHA historically has been more willing to consider the contributing factors …

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