You do not need 20% down payment to buy a house in California or Arizona. You can buy a house with no money down to as little as 3% down payment of the purchase price. You must qualify with income, debt ratio and credit for each home loan program with USDA, FHA, VA, and Conventional.
here is the podcast that goes over credit https://www.podbean.com/eu/pb-s6569-d13f94
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Nathan RuftyMortgage Loan Originator
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Credit scores needed to buy a house in California or Arizona on the FHA, VA, Conventional, USDA or Down Payment Assistance Home loan program?
Podcast about credit https://www.podbean.com/eu/pb-s6569-d13f94
CA Call or Text: 909-503-5600
Here is the Podcast on the waiting time frame after a bankruptcy https://www.podbean.com/eu/pb-k56r9-d49a2e
A podcast about credit https://www.podbean.com/eu/pb-s6569-d13f94
Please call, text or email me with any questions,
Wondering when you should lock your mortgage interest on a refinance or purchase home loan? Lock your rate when that rate meets your savings or budgeted mortgage payment. By waiting to see if the rate goes lower can cost you a thousand over the life of the loan.
I welcome the opportunity to connect with you and discuss your financing needs and explore some refinance or purchase options.
Mortgage Loan Originator
CA & AZ NMLS #292056
How long do you need to wait to buy a house in Arizona after a bankruptcy 7 or Bankruptcy 13?
FHA - Bankruptcy 7 current wait time 1* to 2 years from discharge date and Bankruptcy 13 current wait time 1* to 2 years from discharge date
Conventional - Bankruptcy 7 current wait time 2* to 4 years from discharge date and Bankruptcy 13 current wait time 2* to 4 years from discharge date
VA - Bankruptcy 7 current wait time 2 years from discharge date and Bankruptcy 13 current wait time 1* to 2 years from discharge date
USDA - Bankruptcy 7 current wait time 3 years from discharge date and Bankruptcy 13 current wait time 1 year from discharge date
* shorter wait time will need to meet the current extenuating circumstance guidelines