Mortgage Expert Blog

2016 Time Period Too Buy Again After A Bankruptcy, short-sale or Foreclosure

2016 Conventional (Fannie Mae) Guidelines•Bankruptcy – You may apply for a Conventional, Fannie Mae loan after your Chapter 7 bankruptcy has been discharged for FOUR (4) years, TWO (2) years from the discharge of a Chapter 13•Foreclosure – You may apply for a Conventional, Fannie Mae loan SEVEN (7) years after the sale date of your foreclosure. Additional qualifying requirements may apply,•Short Sale / Deed in Lieu of Foreclosure – •UPDATED – Effective 7/29/2014: Waiting period for subsequent foreclosure that was included in Bankruptcy is waived. If ...

March 29th, 2016 | loan, Bankruptcy, FHA, Foreclosure, Short Sale, Fannie Mae, Conventional, 2016 Time Period Too Buy Again After A Bankruptcy, short-sale or Foreclosure

2016 Time Period Too Buy Again After A Bankruptcy, Short Sale, Foreclosure.

2016 FHA GuidelinesThinking of purchasing or refinancing a home in Edina? Here are some guidelines explaining the time period from after a bankruptcy, short-sale or Foreclosure.•Bankruptcy – You may apply for a FHA insured loan after your bankruptcy has been discharged for TWO (2) years with a Chapter 7 Bankruptcy. You may apply for a FHA insured loan after your bankruptcy has been discharged for ONE (1) year with a Chapter 13 Bankruptcy •Foreclosure – You may apply for a FHA insured loan THREE (3) years after the sale/deed transfer date. •Short Sale / Deed in Lieu...

March 28th, 2016 | Edina, Foreclosure, Bankruptcy, FHA, Short Sale, 2016, 2016 Time Period Too Buy Again After A Bankruptcy, Short Sale, Foreclosure.