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Craig Bosse's Blog

By Craig Bosse | Mortgage Broker
or Lender in Concord, CA

Short-Sale or Foreclosure : How Long is the Wait to Buy Again?

Foreclosure - Short Sale - Bankruptcy - Waiting Periods

For FHA, VA & Conventional Loans Provided By Craig Bosse

 

FHA

CONV.

VA

Banc Portfolio

No seasoning requirements BUT the borrower cannot take advantage of a declining market

2 Years after sale with 20% down payment

No seasoning requirements. BUT the borrower cannot take advantage of a declining market. No mortgage Lates within the last 12 months

1 Day after Short-Sale Minimum 660 FICO Score

20% down payment

3 Years after recorded Trustee’s Deed

2 Years after sale with 20% down payment

3 Years from the date sale closed and transferred to new owner

1 Day after Short Sale Minimum 660 FICO Score

20% down payment

3 years from the date foreclosure was completed and transferred to the bank

4 – 7 Years based on LTV and Investor

3 years from the date foreclosure was completed and transferred to the bank

1 Day after Deed In Lieu. Minimum 660 FICO Score. 20% down payment

3 Years after recorded Trustee’s Deed

7 Years after the recorded Trustee’s Deed

3 years from the date foreclosure was completed and transferred back to the bank

1 Day after Foreclosure. Minimum 660 FICO Score.

20% down payment

2 Years

4 Years from discharged date

2 Years from discharged date

2 Years from discharged date

1 Year Post Petition payment have been made on time and received court approval

4 Years from discharge date

1 Year Post Petition payment have been made on time and received court approval

2 Years from discharged date.

The information provided on this page are basic guidelines. Please call me with any scenarios that you would like to discuss.


Apply for a home loan

Contact :
Craig Bosse
(925) 381 6577
Banc Home Loans
NMLS # 1019442

Comments

By Judi Monday, CRS,  Fri Jan 17 2014, 06:57
Great information...thank you for sharing.
By Craig Bosse,  Fri Jan 17 2014, 14:27
Thank you!
By Tatyana Anokhina,  Fri Jan 24 2014, 22:11
Very helpful! Thank you!

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