FHA – 3 years from completion date. Exceptions with extenuating circumstances are allowed.
VA – 2 years from completion date with an automated system refer.
Fannie Mae – 7 years from completion date, or if you can get an automated approval sooner, the the wait can be less.
Freddie Mac – 7 years from completion date, or if you can get an automated approval sooner, the the wait can be less.
That’s it for today!
I hope you have a great day! Thanks for reading!
Brett
One of the most important things you will have to do when you apply for…
I wanted to let you know we have a 2% to 5% downpayment and closing…
If you want to acquire rental properties, but you are having issues proving your income…
Do you need cash out of your home, but you don’t want to refinance the…
In the mortgage world there are rules we have to follow. Such as, rules about…
Do you have investment property, and would like to pull cash out of your property?…