Extended Qualification Period

Home Forums Purchase Program Extended Qualification Period

Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • #42444
    JHarris981
    Member

    @ttrumble, What is the length of time that members now have to find a home before they have to re-qualify. Thanks!

    #42445
    nautii25
    Member

    Yes I need an answer as well because I’m having the hardest time finding a house!!! I don’t want to settle

    #42447
    southflorida
    Member

    there is no time restriction, it used to be 3 months but it does not apply anymore

    #42463
    JHarris981
    Member

    @southflorida — thanks! How did you find this out — from your MC? I remember that @ttrumble had posted that the qualification period had been extended, but he never mentioned for how long. So even though we’re required to continue to upload bank statements and pay stubs, they are no longer capping the qualification period?

    #42492
    JHarris981
    Member

    @ttrumble just checking with you to see if there is in fact no longer a cap on the qualification period.

    #42498
    southflorida
    Member

    I was informed of this in the Purchase Workshop, they did not specify a timeframe, However, when a significant amount of time passes, I’m sure they will need to at least check your credit

Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.
Follow us on Facebook RSS Feed Follow us on Twitter