Credit Scores, Bankruptcy, Foreclosures & Short Sales

Credit scores and credit scoring is an ever changing formula and varies between the three major bureaus. One fact is certain. This is an area where common sense solutions like paying off debt clashes with real world realty. Where working with a “credit repair” company can hurt you more than help you. Your knowledgeable loan officer will be able to guide you in this area. Every case is different and need personal attention.

If bankruptcy, foreclosures or a short sale is part of your credit history, you are not alone. The good news is with reestablished credit you may be closer than you think to qualify for a home loan. Time frames range from 2 years to 7 years depending on the type (FHA, Conventional, VA, Rural Housing) of loan. Of course, guidelines are subject to change so check with our loan officers for the most up-to-date information.