What type of mortgage can this buyer get

[Nicole W.]

Hello all, I am working with a buyer that recently sold an investment property that had 90 days late on it last month. The sale of the property was a regular sale not foreclosure or short sale and from what the buyer knows these processes were never started. So the buyer mentions they may have a hard time getting a loan and that three different lenders told him three different things. 1st lender said wouldn't be able to get loan would have to wait year from last missed payment, 2nd lender said should be able to get loan since was a investment property and buyer is getting a primary property, and 3rd lender said buyer would only get sub prime loan. Any thoughts on this as I am only a realtor and not a lender I wasn't sure what to tell the buyer on what route to go. Any help would be greatly appreciated.