Phone: 773.742.5078
Email: agata@agatazabludowska.com


Waiting period after delinquency,


Foreclosure

Short- sale

Deed-in-Lieu

Ch. 7 Bankruptcy

Ch. 13 Bankruptcy

Fannie Mae

7 years from completion date

4 years from completion date for short sale

4 years for deed-in-lieu from completion date

4 years from discharge or dismissal date

2 years from discharge date

2 years from dismissal date

Freddie Mac

7 years from completion date

4 years from completion date for short sale

4 years for deed-in-lieu from completion date

4 years from discharge or dismissal date

2 years from discharge date

4 years from dismissal date

FHA

3 years from completion date

3 years from completion date

2 years from discharge date

1 year of the payout must elapse and payment performance must be satisfactory; buyer must receive permission from the court to enter into a mortgage

VA

2 years from discharge

2 years from completion date

2 years from discharge date

1 year of the payout must elapse and payment performance must be satisfactory; buyer must receive permission from the court to enter into a mortgage

USDA Rural

3 years from completion date

3 years from completion date

3 years from discharge date

1 year of the payout must elapse and payment performance must be satisfactory; buyer must receive permission from the court to enter into a mortgage

Jumbo

Based on specific investor guidelines