Mortgage Blog

One loan approved with shortsale history

March 25th, 2014 9:18 AM by Eric Fang

Borrower is able to get loans now as long as two years passed.

For foreclosure, it needs 7 years.

If the borrower is over 1 year foreclosure(or short sale), and still needs a loan, then 45% down payment is needed. For regular loans, foreclosure needs 7 years, shortsale 2 years history.

Posted in:General
Posted by Eric Fang on March 25th, 2014 9:18 AM



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