Kelly L. Zitlow

You can be ready and eligible to buy a house again if you know the waiting period that applies to your personal situation and take the steps you need to prepare yourself. Buying a house after a bankruptcy, foreclosure, or short sale can be tough enough, you don't have to try to get back into the market by yourself. The following information is designed to inform and educate you while giving you hope and direction.

The most important decision you can make today is to choose an experienced and knowledgeable mortgage professional to develop a path to re-establish yourself as a credible and ready borrower. Many buyers will start returning to the Arizona real estate market at the same time and those who have taken the proper steps and are prepared will receive FHA, VA, and conventional home loans again and be able to take advantage of a buyers' market with still historically low interest rates.

Take a careful look through my "buying a house after" resources, please let me introduce myself by reading the "my story" page, and when you are ready to start the process during your foreclosure, short sale, or bankruptcy waiting period ... just fill out the private "connect with me" form and I will be in touch. You can qualify for a mortgage in Arizona again, you can achieve the feeling of home ownership and pride felt by buying a house after what you have endured if we plan ahead and work together.

Use the links below to gain insightful information regarding preparation for buying a house after one of these unfortunate situations:

• Buying a House After - The Waiting Period Chart

• Important Need to knows about Your Credit

• Buying a House Again Today with FHA

Use the links below to explore your options with the Homeowner Affordability and Stability Plan:

• Making Home Refinancing Affordable in Arizona

• Does Fannie Mae Own Your Mortgage?

• Does Freddie Mac Own Your Mortgage?

• Financial Stability

Use the links below to gain insightful information on popular mortgage topics:

• FHA's Property Flip Waiver Guidelines

• Liquidating Assets?  You Have Other Options!

• How to Successfully Get a Mortgage in 2010

• How Small Changes Make a BIG Difference

• Special Tax Break for Seniors Over Age 70 ½

• Homebuyer Tax Credit for Individuals on Qualified Extended Duty Service

• What are the options if I owe more on my mortgage than the value of my home?

Click here for my most recent Arizona Mortgage Blog Posts

Click here for archived Arizona Mortgage E-Newsletters & Arizona Market Updates

On October 24, 2011 the Federal Housing Finance Agency, with Fannie Mae and Freddie Mac, announced a series of changes to the Home Affordable Refinance Program (HARP) in an effort to attract more eligible Arizona borrowers who can benefit from refinancing their home mortgage in Arizona. The program revisions were developed with input from mortgage lenders, mortgage insurers, and other mortgage industry participants. It is currently slated to become effective Dec. 1, 2011 but may take a little longer for banks and investors to beable to process the loans.

Click here to read more about the guidelines and key points for Arizona Homeowner Eligibility:

I will continue to post updates as more information is released.

~ Kelly