VA Mortgage After A Foreclosure
USING YOUR VA LOAN TO BUY AN AZ PROPERTY AFTER A FORECLOSURE ? ONLY A 2 YEAR WAIT!
Military Veterans have access to arguably the best mortgage program on the market. ?Of course, that is if you think being able to put $0 down, not having to pay monthly mortgage insurance and getting a competitive Arizona Mortgage rate a plus. ?On top of all that, VA allows a qualified veteran to use a Phoenix VA mortgage to buy a home very shortly after a foreclosure!
While other types of mortgage products that are available today require a buyer wait 3 years or more after a foreclosure, VA only requires a veteran wait 2 years after a foreclosure before they can qualify for a VA home loan. ?This is just another way VA provides our nation?s heroes with the best of the best in mortgage options. ?Typically, VA also allows veterans to buy only 2 years after a short sale or sooner. ?Check this out for more info on VA mortgages after a short sale ? Buying after a short sale.
To take it a step further, qualified military veterans may also be able to use their VA home loan benefits AGAIN even if they foreclosed on a home that had a VA loan attached to it with something VA calls Bonus Entitlement. Read this article to learn more about Bonus Entitlement.
Call or email my team and I today to learn more about your VA mortgage options.
Jeremy
AZ VA LOAN
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