Want to sell your East Bay Home? Get a FREE home value report
Hey everyone, welcome back to our blog. Today we are going to answer the question, "How long does it take to purchase a home after a short sale or foreclosure?" We are here today with Diane Koizumi of Banc Home Loans, who is going to explain the process with us.For most of you, if you walked into your normal banker down the street, it would take you at least few years to be able to secure a loan after a short sale or foreclosure. However, at Banc Home Loans, they are able to offer a loan to someone 1 day after a short sale or foreclosure.
There are a few requirements you need to meet first. You have to be able to provide a 20% down payment, and have a credit score of 660. There is also a loan limit of $3.5 million, which is adequate for most people's needs.
If you have any questions for Diane, feel free to give her a call at 925-548-4410. If you have any questions for us, feel free to give us a call or send us an email anytime. We look forward to speaking with you soon!
