Here are the 2011 mortgage guidelines for obtaining a conventional, FHA or VA home loan following a Foreclosure, Short Sale or Bankruptcy:

2011 Conventional Loan Programs:

· 7 year waiting period after a foreclosure

· 4 year waiting period after a bankruptcy

· 4 year waiting period after a short sale (Max 80% L TV)

· Credit must be re-established with a minimum 660 FICO

2011 FHA Loan Programs:

· 3 year waiting period after a foreclosure

· 2 year waiting period after a bankruptcy

· 3 year waiting period after a short sale

· Credit must be re-established with a minimum 640 FICO

2011 VA Loan Programs:

· 2 year waiting period after a foreclosure

· 2 year after a short sale, unless it was a VA loan then restrictions apply

· 2 years after a bankruptcy

· Credit must be re-established with a minimum 620 FICO

Ask your REALTOR^®for a lender referral in your area. If you don't have a

REALTOR^{® in San Diego County, shoot me an email @ robert@robertsizer.com. I'll refer you to one of the outstanding lenders on our team for a new home purchase, refinance or consultation.}

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