Buying a House After a Foreclosure, Bankruptcy and Short Sale - Waiting Period Chart 2025

Get Form
Buying a House After a Foreclosure, Bankruptcy and Short Sale - Waiting Period Chart Preview on Page 1

Here's how it works

01. Edit your form online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send it via email, link, or fax. You can also download it, export it or print it out.

How to rapidly redact Buying a House After a Foreclosure, Bankruptcy and Short Sale - Waiting Period Chart online

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2

Dochub is the greatest editor for changing your paperwork online. Adhere to this straightforward instruction to edit Buying a House After a Foreclosure, Bankruptcy and Short Sale - Waiting Period Chart in PDF format online for free:

  1. Sign up and sign in. Create a free account, set a secure password, and proceed with email verification to start managing your templates.
  2. Add a document. Click on New Document and select the file importing option: upload Buying a House After a Foreclosure, Bankruptcy and Short Sale - Waiting Period Chart from your device, the cloud, or a secure link.
  3. Make adjustments to the sample. Utilize the upper and left-side panel tools to redact Buying a House After a Foreclosure, Bankruptcy and Short Sale - Waiting Period Chart. Insert and customize text, pictures, and fillable areas, whiteout unnecessary details, highlight the significant ones, and provide comments on your updates.
  4. Get your documentation done. Send the form to other individuals via email, create a link for faster file sharing, export the sample to the cloud, or save it on your device in the current version or with Audit Trail added.

Try all the advantages of our editor right now!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
After Short Sale/Deed-in-Lieu of Foreclosure Fannie Mae (conventional) loan 4 years. FHA loan 3 years. VA loan 2 years. USDA loan 3 years.
Minimum waiting period to get a mortgage after a short sale Loan typeMinimum waiting period Conventional 2-4 years with exceptions FHA 3 years with exceptions USDA 3 years VA 2 years with exceptions1 more row Jun 3, 2024
Conventional loan: 3-7 years However, you may only have to wait three years if the foreclosure was related to circumstances such as a loss of employment or a medical issue, ing to Jilyn Crawford, senior loan officer and sales manager at American Family Funding in Santa Clarita, California.
One of the main drawbacks for homeowners is that they typically must wait two to four years after a short sale before buying another home with a conventional loan or FHA loan, while there often isnt a waiting period for VA loans.
Disadvantages of a Short Sale There are more parties involved than a typical sale making the process complicated and often lengthy. In a traditional home sale, price negotiations happen between the buyer and seller (or their representatives), not the sellers bank.
be ready to get more

Complete this form in 5 minutes or less

Get form

People also ask

The time frames for a short sale will differ from a traditional sale. Once you have an accepted offer, it will go to the lender/seller to accept and approve. The average timeline is about 60 to 90 days. That means 30 days to sell + 60 days for approval + 30 days to close escrow = 4 months, on average.
How to get a mortgage after foreclosure Home loan programForeclosure waiting periodWith extenuating circumstances Conventional loan 7 years 2-3 years FHA loan 3 years Less than 3 years VA loan 2 years Less than 2 years USDA loan 3 years Less than 3 years1 more row

Related links