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Can you purchase a home with a 3 to 4 year foreclosure on File?

by johnsonville12548 from Findlay, Ohio. 25 days ago Reply


Yes , waiting period is based on deed transfer date..contact me 513-602 5498

25 days ago
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

More info needed.. but in general, FHA requires 3 years from the date the property was transferred out of your name.. but FHA has lower loan amounts.. Conventional has a 7 year waiting period and larger loan amounts. Understand that you also need to meet all other eligibility requirements.. For this reason, I suggest you contact a mortgage banker/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with California and Arizona being my primary markets. 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

25 days ago
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Amy Wedig (amywedig)
#36 ranked lender in Ohio - 6 contributions

Hi there! If it has been over 3 years since the deed transferred to another person (property sold to someone else) then you can purchase another home. Please give me a call here's my info:Amy WedigLoan OfficerPolaris Home Funding317 Jefferson StreetGreenfield, Oh 45123614-603-0426 office888-688-1760 fax NMLS #268257Polaris NMLS #38072Branch NMLS #1203018State licenses: OH #LO.031782.000 IN# 27084Branch State licenses: OH #MB.803870.016-BR, IN #10901

25 days ago
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