Financing after a foreclosure?

[Jose Vargas]

Hello all,

The wife and I was just blessed with a new baby girl and we need more space. We found a home that we both love but I’m stuck on how to make possible. I had a foreclosure that sold on Jan 2019 and can’t qualify for a conventional loan. I’m able to put down 20% and have access to refinancing my dads house for the rest. If I purchase this new home cash, am I able to refinance and pay off my dads house off? He gave me the ok but I rather figure this out keeping his house free n clear of debt. Any suggestions please?

Thank you,

Jose