https://ficoforums.myfico.com/t5/Mortgage-Loans/NPS-previous-foreclosure-question/m-p/5542864#M226950 <P>Hello all!&nbsp; I've learned so much on this forum and I am greatly appreciative of all of the information.&nbsp; I have a question specific to my family's situation.&nbsp; DH acquired an FHA single-family home loan in 2008 for our primary residence that subsequently foreclosed in 2015 following a job loss in 2014 and resulted in a move 5 states away to start over.&nbsp; I was not on the mortgage for our house in Kentucky, but I did have to sign some paperwork at closing.&nbsp; The foreclosure is only on DH's CRs.&nbsp; However, when we attempted a mortgage preapproval early last year, my name popped up on the from the commissioner's deed that was filed after the foreclosed home sold.&nbsp; The potential lender sent me a copy of the document that was uncovered.</P><P>&nbsp;</P><P>Now, nearly 4 years out from that foreclosure, conventional doesn't seem to be an option for the nonpurchasing spouse after foreclosure.&nbsp; The potential lender suggested we do FHA.&nbsp; My question though is:&nbsp; am I eligible for conventional on my own without my spouse?&nbsp; Taking into consideration that I was not on the original mortgage.&nbsp; Am I truly ineligible for a conventional mortgage for 7 years like my spouse?&nbsp; I have scoured the internet and I am coming up blank, so I am hoping someone has insight here.&nbsp;&nbsp;</P> Mon, 18 Mar 2019 19:53:00 GMT radfam 2019-03-18T19:53:00Z https://ficoforums.myfico.com/t5/Mortgage-Loans/NPS-previous-foreclosure-question/m-p/5542864#M226950 <P>Hello all!&nbsp; I've learned so much on this forum and I am greatly appreciative of all of the information.&nbsp; I have a question specific to my family's situation.&nbsp; DH acquired an FHA single-family home loan in 2008 for our primary residence that subsequently foreclosed in 2015 following a job loss in 2014 and resulted in a move 5 states away to start over.&nbsp; I was not on the mortgage for our house in Kentucky, but I did have to sign some paperwork at closing.&nbsp; The foreclosure is only on DH's CRs.&nbsp; However, when we attempted a mortgage preapproval early last year, my name popped up on the from the commissioner's deed that was filed after the foreclosed home sold.&nbsp; The potential lender sent me a copy of the document that was uncovered.</P><P>&nbsp;</P><P>Now, nearly 4 years out from that foreclosure, conventional doesn't seem to be an option for the nonpurchasing spouse after foreclosure.&nbsp; The potential lender suggested we do FHA.&nbsp; My question though is:&nbsp; am I eligible for conventional on my own without my spouse?&nbsp; Taking into consideration that I was not on the original mortgage.&nbsp; Am I truly ineligible for a conventional mortgage for 7 years like my spouse?&nbsp; I have scoured the internet and I am coming up blank, so I am hoping someone has insight here.&nbsp;&nbsp;</P> Mon, 18 Mar 2019 19:53:00 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/NPS-previous-foreclosure-question/m-p/5542864#M226950 radfam 2019-03-18T19:53:00Z https://ficoforums.myfico.com/t5/Mortgage-Loans/NPS-previous-foreclosure-question/m-p/5542936#M226952 <P>my lender said i had to wait 4 years so i just went fha they will allow you to get a home 3 years after foreclosure most conventional make you wait 4-7 years&nbsp;</P> Mon, 18 Mar 2019 21:05:26 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/NPS-previous-foreclosure-question/m-p/5542936#M226952 Anonymous 2019-03-18T21:05:26Z