Are Foreclosed homes for sale in Loudoun County?
A. YES. There are about 175-200 foreclosures for sale in Loudoun County. Homefinders can help you find the best one for your money. Most foreclosed homes have been discounted by the bank owner because of condition. These homes are sold “as is” but there are bargains to be found. Q. How much can I borrow? A. Depending on your income and credit score, you should be able to borrow approximately 3 to 3 1/2 times your annual gross income. $100,000 annual income times 3.5 = $350,000. This is an estimate. Actual borrowing power is a combination of your credit score, your annual income, your fixed monthly debt payments and savings for down payment. Q. How do I check on my credit? A. There are numerous on line resources to obtain a credit report. The most well known is probably the Equifax company. Homefinders.com agents will help you obtain a FREE credit review from a known and trusted lender. Once you have been credit approved, you’ll receive a “Lender’s Letter” which is necessary before you
