Wait Times | FHA | Conventional | VA | USDA |
Foreclosure | 3 Years | 7 Years | 2 Years | 3 Years |
Short Sale | 3 Years | 7 Years | 2 Years | Depends on circumstances |
Bankruptcy chapter 13 | 1 Year (all payments on time) | 2 Years Discharge 4 Years Dismissal | 1 Year (all payments on time) | 1 Year (all payments on time) |
Bankruptcy chapter 7 | 2 Years | 4 Years | 2 Years | 3 Years |
Feel free to let me know what you're thinking! But if you leave a comment anonymously please be sure and check back for a reply.
Tuesday, March 13, 2012
Wait times after Foreclosure, Short Sale, or Bankruptcy
Wait times to apply for a mortgage vary from program to program. Please be aware that these can change at any time. Feel free to contact me with any qustions.
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