The FHA guidelines are very clear on loan approval after foreclosure. A borrower must have three years to the month from his foreclosure before a lender will approve him for an FHA loan.
Second Fha Loan You co-signed for another person for an FHA loan, but you do not occupy the house with this person. Of course, you can always request an FHA refinance for your FHA loan or any type of loan. Question : Can you get a FHA loan for a second home or investment property? Answer : No. You must live in the home financed by the FHA loan.
For VA buyers, the good news is the VA loan's more flexible credit requirements allow qualified veterans to bounce back significantly faster after a foreclosure.
Get Rid Of Pmi Fha In an effort to "strengthen" the Mutual Mortgage Insurance Fund – insurance that protects the lender from mortgage default – the FHA is adopting new policies. they still can’t get rid of it ever..