When Can I Buy?


>> I had a Foreclosure...

  • Conventional Loans: 7 Years*
  • FHA Loans: 3 Years*
  • VA Loans: 2 years *
  • USDA Rural Housing Loan 3 years*


>> I had a Bankruptcy...

  • Conventional Loans: 4 Years from discharge date OR 2 years if it was out of the buyers control
  • FHA Loans: 2 Years *
  • VA Loans: 2 Years *
  • Rural Housing Loans: 3 Years*


>> I had a Short Sale...

  • Conventional Loans: 2 Years with 20% Down OR 4 Years with 10% Down
  • FHA Loans: 3 Years with 10% Down OR 7 Years to do 3.5% Down
  • VA Loans: 2 Years *
  • Rural Housing Loans: 3*

 

*can be sooner if it was out of the buyers control.