Here’s a way to possibly reduce the foreclosure seasoning requirements on a conventional loan.
If you open up the Conventional Loan underwriting guidelines and look up foreclosures it will say you have to wait 7 years before you can get a loan.
A possible way around this is to let me run your file through the automated underwritng engine.
I’ve seen the engine give approvals for people at 4 or 5 years out of a foreclosure.
…and, if it gives an approval at 4 years we can do the loan!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
To see if you qualify for a mortgage right now – CLICK HERE and fill out this simple application.
To sign up for my weekly mortgage quick tips – CLICK HERE.