CNNMoney tells MHProNews according to RealtyTrac 4.8 million borrowers have lost their homes to foreclosure since the housing bubble, and another 2.2 million let go of their homes in short sales. But many of them are coming back, and they are searching for a new place to live. Veterans Administration loans can be obtained after only two years out from foreclosure. Fannie Mae and Freddie Mac require borrowers to wait five years and have a credit score of at least 680 plus a ten percent down payment. The Federal Housing Administration’s (FHA) policy is to allow banks to lend FHA-backed loans to borrowers three years after a default.

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