Can I get a conventional loan if I've had a foreclosure and Bankruptcy?

Question: Hi, I am looking at buying a home. 3 years ago I lost my job and went bankrupt and had a foreclosure. How long do I have to wait before I can get a conventional home loan? My credit score is 684 if that helps.

Answer:
Foreclosure is what hurt you the most. I have banks that will lend to borrowers who are 2 years out of foreclosure. BK's not big a deal anymore.

Let me know if you would like more information or just visit my website at www.vegasloansbytami.com

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Don't ask us ask the bank

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bankruptcy stays on your record for 10 years you probably will not be able to buy a house before then. And a foreclosure is the nail in your coffin. You will need an extremely large downpayment and your interest rate will be through the roof. good luck.

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If you plan to pay back the money , you can ask for a loan at Prosper. More information at http://www.acreditlibrary.com/prosper.ht... . You can also try your luck at online charities, people may send donations. More information at http://www.laodn.org/

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