Can I buy a home after a short sale? Yes you CAN!!

Buying a home after a short sale in Arizona

Qualifying for a USDA home loan after a short sale is not very easy.





However, Academy Mortgage in Mesa, Arizona will approve a home buyer if they can meet the criteria when applying for a USDA loan with our Academy Office in Mesa, Arizona.
Most Arizona families who have had to make the hard choice or are forced to short sale their home, are often left wondering if they can or when will they be able to buy another Arizona home in the future. Most lenders have taken a standard stance that these families will need to wait for a period of 3 years before applying for a home loan. However, Academy Mortgage will approve certain USDA home buyers that can meet the following criteria:
  • Credit Score of 660 or higher
  • No late payments for the past 12 months
  • If you have recently sold your home and have no late payments, it is possible to qualify immediately
  • Obtain a GUS Approval (This is an automated underwriting approval for a USDA Home Loan).
Call me today for a free and confidential consultation and see if you qualify for a USDA Home Loan. Direct: 480.650.8602 Email: Ted@Tedcanto.com
1 comment • TED CANTO- Arizona's #1 Mortgage Lender • April 01 2011 07:57PM

620 FICO Score for FHA Home Buyers in Arizona

620 FICO Score for FHA Home Buyers in Arizona

While most lenders in Arizona have quit the business of lending to home buyers who have anything less than a 640 FICO score, The Canto Team aligned with Academy Mortgage have announced our commitment to helping homeowners with credit score of 620 or greater to obtain their home.

The Canto Team/ Academy Mortgage in Arizona will allow buyers with a 620 FICO Score to purchase a home. If you want to learn more.  Click to read more on 620 FICO score requirements

 

2 comments • TED CANTO- Arizona's #1 Mortgage Lender • December 03 2010 08:19PM