after Bankruptcy, foreclosure, short sale, modification?
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| C G at CMG Financial |
Conventional Loan Sold to Fannie Mae/ Freddie Mac
7 year wait from Foreclosure completion
4 year wait from Short Sale Completion
4 year wait from Deed in Lieu recorded
4 year wait from Bankruptcy Discharge or Dissolution Chapter 7
2 year wait from Bankruptcy Chapter 13 discharge
4 year wait from Bankruptcy Chapter 13 dismissal
FHA Loan
3 year wait from Foreclosure Extenuating Circumstances is hard to prove on paper, not just a reason,
but say your spouse died (death certificate after large medical bills on paper) and your employer closed down the plant in Flint Michigan (news clippings) you could get a FHA loan 1 year after
3 year wait short sale
3 year wait Deed in Lieu
2 year wait Bankruptcy Chapter 7
1 year wait after payout lapse paid on time Chapter 13
VA Home Loan
2 year wait from Foreclosure complete
no wait for short sale
2 years from Deed in Lieu
2 years BK 7 discharged
1 year BK 13 payout and paid on time
USDA
3 years from Foreclosure
3 years from Short Sale
3 years from deed in lieu
3 years BK 7 discharged
1 year BK 13 payout lapsed paid on time Chapter 13
JUMBO
nope
no
no
OTHER Mortgage Loans
One day after foreclosure, BK, short sale, whatever
just the rate is higher
Call me C G (949) 784- 9699
nmls 324982