[stillwater]

can be approved for a home loan (FHA and conventional)? I was told by a Wells Fargo loan officer that after 2 yrs, you can be approved for an FHA loan, considering you have good income, low debt to asset ratio,etc. While in a credit unon, I was told it takes 3 yrs for the FHA, and he said it should be the same for all lenders.I was told by a Wells Fargo loan officer that after 2 yrs, you can be approved for an FHA loan, considering you have good income, low debt to asset ratio,etc. While in a credit unon, I was told it takes 3 yrs for the FHA, and he said it should be the same for all lenders.PS: some people foreclosed on a home, not because they can't afford it, but because they mistakenly bought at the peak of the housing boom and now they don't want to get stuck paying for a house that's only half the price of the original loan.