Not all conventional loan guidelines are the same! Sometimes the agencies known as Fannie Mae and Freddie Mac can differ in their opinion. This may mean that one is more favorable to a client than another based on the situation. That is why it is important to work with a lender who can offer you both types of conventional financing.
Related Article Title: Is a Waiting Period Waived for Derogatory Credit for High Credit Score Buyers? Question: I have heard that Freddie Mac no longer has a waiting / time period from bankruptcy and foreclosure as long as the declarations are marked correctly, and you have an LP approval. However, I cannot find this anywhere […]