Ready to purchase a home but are concerned with something that happened in your past? Are you concerned about a foreclosure in the past in Bryan or College Station or beyond? Did you file bankruptcy? If so, an FHA insured loan may be the way to go.
The FHA is usually more flexible in its financing than conventional lenders when it comes to qualifying guidelines. FHA will still consider your loan and allow you to re-establish your credit if:
– at least 2 years have passed since your bankruptcy has been discharged
– all judgments have either been paid or will be paid
– all tax liens have either been paid or appropriate arrangements have been made with the IRS or state Department of Revenue to pay the debt and evidence fo history of payments being made
– 3 years having passed since a foreclosure or deed in lieu of foreclose
So, when you are ready to get started purchasing a home – CALL US! We will help you get to the best lender possible to get you qualified and moved into your new College Station home.