Wait Times | FHA | CONV. | 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 |
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Wait times after Foreclosure, Short Sale or Bankruptcy
Wait times to apply for a mortgage after certain financial events; forclosure, short sale, or bankruptcy, varies from program to program. Please be advised that these regulations can change at any time.
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