FAQs for Derogatory Credit With Washington Mortgages

Guild MortgageMany Washington home buyers have questions regarding mortgages when it comes to financing a home. Here you will find a commonly asked question regarding all loan programs.

Question:   How long does someone have to wait to buy a home after a short sale or foreclosure?

Answer:  The answer to this question varies based on many factors including loan program, loan to value and circumstances.  Each person’s situation is unique and requires careful consideration by a mortgage  professional.

Here you will find a handy Derogatory Credit Flyer reference to use as a guide and to send out to your friends and clients.  It categorizes the time frames and circumstances for each loan type.

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