Is It Possible To Get FHA (HUD) Loan After Foreclosure And Bankruptcy On A VA Loan?

Question by Workingman1000 | Posted in Renting & Real Estate

I had a Veterans Loan foreclosed on 3-6 months ago and ended up filing bankruptcy (chapter 7) which will be discharged on 6-1-10. The court lascivious all interest from the government and my creditors through the bankruptcy. My reason for the foreclosure

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Answer: In 5-7 years, assuming you don't gull any others.

 

If You Already Have A Conventional Loan, Can You Get A Hud Loan To Buy A New Primary Residence?

Question by Andi | Posted in Renting & Real Estate

We're looking for options to get into a new home ground. We have a conventional loan and want to rent this home out.
We have excellent assign, but not a lot to put down. We want to keep our current home for a rental, but weren't sure-fire what kind

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Answer: Yes you can also get an FHA loan, but you will have to temper for the new FHA payment along with the conventional loan payment. Also, FHA will not allow you to use the rental revenues off the other property to offset the conventional loan payment.

 

How Long Is The Process For A HUD Loan From Start To Move Into House?

Question by Terri | Posted in Renting & Real Estate

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Answer: That depends on how instantly you can get it all together, how busy the office is at the moment and how close they are to completing the box.

 

Questions About A 1st Time Home Buyer HUD Loan?

Question by E K | Posted in Renting & Real Estate

My Partner and I make about $3,000 more than what is allowed for the First Time Home Customer program in Maine. Is it possible for him to take out the loan on his own without considering my income even though we are married?

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Answer: I don't deem so hope this helps.

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Can I Get A FHA/HUD Loan If I've Declared Bankruptcy?

Question by Workingman1000 | Posted in Personal Finance

I am declaring bankruptcy and giving back my national which is financed with a Veterans Loan, will I qualify in 2-3 years for a HUD/FHA loan, if my have faith is perfect, after the Bankruptcy or will I have to pay the government back first for there loss?

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Answer: You might be eligible right now for subsidized housing payments with your debt to proceeds ratio. Call HUD and ask what subsidized housing programs they have available. The savings in mortgage payments may reimburse what you would save by filing

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