Conventional
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We had a foreclosure 4 years ago. How long until we can get another mortgage?
If you want to go with a Conventional Loan (Fannie or Freddie), the waiting period after a completed foreclosure is 7 years. However, for FHA loans the waiting period is only 3 years. Hope this helps!
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Self Employed for 3 years on 1099
Hi All! I’ve been self-employed as a freelance programmer. I receive 1099’s, but my tax returns really don’t reflect my true earnings because of the deductions. Are there mortgage options for me or do I need to get a job earning W-2 income? I am having a hard time finding a lender that can deal … Read more