Home buyers were previously required to wait 2 years to purchase a home after a bankruptcy or short sale. As of today that is no longer the case.
With proof of hardship you may now qualify for a FHA loan only 1 year after going through the bankruptcy or short sale process.
FHA loans are a great option for home buyers as they only require 3.5% down. We at Turner Real Estate Group can even get the seller to pay your closing costs. This makes owning a home cheaper than rent!
If you or someone you know is having difficulties making mortgage payments call us today at 985-626-1313. We can sell your home through the short sale process, and help you avoid going through a foreclosure. For more information visit www.callwayneturner.com/9-Foreclosure-Myths.