• Waiting Periods for Foreclosures, Short-Sales and Bankruptcy
    Conventional Loans
    Foreclosure 7 years from Trustee Sale date OR 4 years if included in a bankruptcy
    Short Sale/Deed-in-lieu 4 years from completion date
    Bankruptcy Chapter 7 4 years from date of discharge
    Bankruptcy Chapter 13 2 years from date of discharge OR 4 years from date of dismissal

     

    FHA Loans
    Foreclosure 3 years from Trustee Sale date
    Short Sale/Deed-in-lieu 3 years from completion date
    Bankruptcy Chapter 7 2 years from date of discharge
    Bankruptcy Chapter 13 2 years from date of discharge OR 12 months with on-time payments and permission from BK court

     

    VA Loans
    Foreclosure 2 years from Trustee Sale date
    Short Sale/Deed-in-lieu 2 years from completion date
    Bankruptcy Chapter 7 2 years from date of discharge
    Bankruptcy Chapter 13 No waiting period after discharge OR 12 months on-time payments and permission from BK court

     

    USDA Loans
    Foreclosure 3 years from Trustee Sale date
    Short Sale/Deed-in-lieu 3 years from completion date
    Bankruptcy Chapter 7 3 years from date of discharge
    Bankruptcy Chapter 13 12 months of on-time repayment