Average interest rates for Time Shares are 18%+

Roll the Time share into your mortgage for savings

Under FHA Guidelines, a timeshare is considered an installment loan and not a real estate.

If a timeshare owner forecloses on a timeshare, they are treated like they have defaulted on an installment loan. The defaulted timeshare loan will be treated like a defaulted installment loan. Mortgage borrowers are eligible to qualify for an FHA loan or any other government and/or conventional loan with a defaulted installment loan. The defaulted installment loan does not have to be repaid and still qualify for a home mortgage.

• However, just because you may meet FHA Guidelines On Qualifying For A FHA Loan After Timeshare Foreclosure, the lender you consulted with may have their own overlays

• They may have their own Lending Requirements that is above and beyond than those of the minimum FHA Guidelines

• Lenders overlays are additional lending requirements imposed by lenders that is above and beyond the minimum HUD Agency Guidelines

• This is perfectly legal and most lenders do have overlays

• Gustan Cho Associates has zero lender overlays on government and conventional loans

Gustan Cho Associates does not have any waiting period requirements after timeshare foreclosure.