Life after Shortsales in Portland, Or

Dated: 07/24/2013

Views: 1031

There are many of us out there who have had to shortsale our homes. Including myself.  Recently, I spoke with a lender and learned the guidelines for the Life after Shortsale buyer.  It turns out, that there is hope for us boomerang buyers, as they call us, to purchase a home again.

Once you have re-established your credit, with no lates and carrying less than 20% on any one credit card, you may now be ready to purchase according to the following guidelines.  

You may with 20% down, be eligible for a conventional loan after 2 years.  

An FHA loan is possible after 3 years.

The USDA is available to you after 3 years.  Remember, this loan is 100% financing in many of our rural areas.

The VA for veterans is usually available after 2 years. 

Isn't it wonderful to know that there is Life after Shortsales.  I am so ready to get back into being a homeowner again.  

We work with some wonderful local lenders who would love to help you get back into your new dream home.  Give us a call and we would be glad to give you their contact information.  Isn't it about time you were a homeowner again?

Want to Advertise on this Site?

Latest Blog Posts

What The Pending Homes Sales Index Means In The Current Market Conditions

The Pending Homes Sales Index (PHSI) is an index created by the National Association for Realtors (NAR) that tracks sales in which a contract has been signed, but the sale hasn’t closed yet

Read More

What You Want Versus What You Need

It is easy to get caught up in all the frills and decorations of a home because those accessories are what TV, Pinterest, and Google are filled with, those are what make your home a home. These

Read More

Lack Of Homes Means Best Time To Sell

As the housing market races towards recovery with a steady stream of buyers, the amount of homes for sale is seeming to fall behind. According to the National Association of Realtors (NAR),

Read More

Gorgeous Updated Home Near Downtown Vancouver

Remodeled Four Bedroom Home with Updated Kitchen OverviewMapsPhotos $489,900 Single Family

Read More