Young couple excited to hold the keys to their new home - First Time Buyers, Veterans Discounts, Getting Ready to Buy a Home - Bill Salvatore, Arizona Elite Properties 602-999-0952 - Arizona Rea Estate

Foreclosure, Short Sale or Bankruptcy? Buy Again Faster!

A reader asks: We were told we have to wait 7 years after our Foreclosure to purchase another home. Is there any way we can buy a home sooner?

A: Short answer… Yes, you can buy a home faster.

Funny you should ask. Just last week I was talking with one of the lenders that helps out many of my clients. He was explaining a loan product that allows shorter wait times for folks who have been through a financial setback.

Mike is a loan officer with Fairway, a well known mortgage lender with a solid reputation. Mike was telling me about a program initiated by his company recently that can cut years off your wait time to buy a home after a financial event like Short Sale, Foreclosure or Bankruptcy. There are of course, restrictions and conditions. But after reading through the material I was provided, they don’t appear to be unreasonable.

Understandably, you need to have rebuilt your credit to a certain point but stellar credit is not necessary, and there are a few other logical stipulations. But the allowances are generous; you can purchase a Primary Residence, Vacation Home or Investment Property, and the program applies to 30-year and 15-year Fixed Rate Mortgages, and even Adjustable Rates.

The chart below shows you what’s possible using Fairway’s Early Access Product.

Chart Comparing Conventional Mortgage wait times to the Early Access Program - Foreclosure, Short Sale, Bankruptcy - Buy a Home Sooner - Fairway Mortgage Early Access Chart - Bill Salvatore, Arizona Elite Properties 602-999-0952 - Arizona Real EstateContact us to start looking for your new home.
We’ll get your questions answered and get you moving ASAP!

For more information, Call or Text: 602-999-0952
Bill Salvatore / Arizona Elite Properties
Residential Sales, Marketing, and Property Management

Founder: AZVHV    ⋅    MEMBER: Heroes Home Advantage
Voted East Valley Tribune’s: Best Gilbert RealtorRound gray and black badge with red Gilbert banner for East Valley Tribunes Best Agent Award - Best of Gilbert Real Estate Agent - Bill Salvatore, Arizona Elite Properties 602-999-0952 - Arizona Real Estate

There are still down payment assistance programs available in Maricopa and Pinal Counties.
Call us for details: 602-999-0952

We also have options to help with your closing costs. See the links below or feel free to call or email for additional information: 602-999-0952   /

Learn more about the Arizona Heroes Home Advantage cash-back program. NO cost, NO pre-registration, NO obligation.

—  —  —

Other Valuable Resources
AZVHV – Arizona Veterans Helping Veterans

What would be the best Phoenix area city for you? Check new listings of homes for sale in these cities before you decide!






Sun Lakes / Active Adult

Queen Creek

San Tan Valley



Fountain Hills

Gold Canyon

Apache Junction 

We'd like to know what you're thinking!