Financing Options available through our Lenders

Bankruptcy, Foreclosure & Short Sale Waiting Periods

If you've lost your home to a financial hardship, we may be able to get you into a new home sooner than you think.

FANNIE MAE
  • Chapter 7 Bankruptcy | 4 years from discharge or dismissal date
  • Chapter 13 Bankruptcy | 2 years from discharge date, 4 years from dismissal date
  • Foreclosure | 7 years from completion date
  • Short Sale (Deed-In-Lieu) | 4 years
FREDDIE MAC
  • Chapter 7 Bankruptcy | 4 years from discharge or dismissal date
  • Chapter 13 Bankruptcy | 2 years from discharge date, 4 years from dismissal date
  • Foreclosure | 7 years from completion date
  • Short Sale (Deed-In-Lieu) | 4 years
FHA
  • Chapter 7 Bankruptcy | 2 years from discharge date
  • Chapter 13 Bankruptcy | One year of the payout must elapse and payment performance must be satisfactory. Buyer must receive permission from the court to enter into a mortgage.
  • Foreclosure | 3 years from completion date
  • Short Sale (Deed-In-Lieu) | 3 years from completion date
USDA
  • Chapter 7 Bankruptcy | 3 years from discharge date
  • Chapter 13 Bankruptcy | One year of the payout must elapse and payment performance must be satisfactory. Buyer must receive permission from the court to enter into a mortgage.
  • Foreclosure | 3 years from completion date
  • Short Sale (Deed-In-Lieu) | 3 years from completion date
VA
  • Chapter 7 Bankruptcy | 2 years from discharge date
  • Chapter 13 Bankruptcy | One year of the payout must elapse and payment performance must be satisfactory. Buyer must receive permission from the court to enter into a mortgage.
  • Foreclosure | 2 years from completion date
  • Short Sale (Deed-In-Lieu) | Unspecified. 
Give me a call today, and I will provide Lender inforamtion for you to learn about your options!

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