Mortgage Lender Approvals After Bankruptcy, Foreclosures, and Short Sale.
| Mortgage Lender Approvals After Bankruptcy, Foreclosures, and Short Sale. |
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| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
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| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure 3 years from completion date; FHA pays the initial claim and clears CAIVRS
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
– Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
– Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
– 3 years seasoning from completion date required if in default at time of sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure 2 years from foreclosure date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
– Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
– Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy 7 years from discharge/dismissal
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Homeowner’s Access Mortgage Lenders
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure 3 years from completion date; FHA pays the initial claim and clears CAIVRS
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
– Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
– Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
– 3 years seasoning from completion date required if in default at time of sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
– Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
– Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
– 3 years seasoning from completion date required if in default at time of sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure 2 years from foreclosure date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
– Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
– Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
– Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
– Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy 7 years from discharge/dismissal
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Homeowner’s Access Mortgage Lenders
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Bankruptcy Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Short Sale |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
7 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
4 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
3 years from completion date; FHA pays the initial claim and clears CAIVRS
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
3 years seasoning from completion date required if in default at time of sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from foreclosure date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
3 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
7 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
7 years from discharge/dismissal
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
7 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
No seasoning requirement
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Homeowner’s Access Mortgage Lenders
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
4 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
4 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
7 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
4 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
3 years from completion date; FHA pays the initial claim and clears CAIVRS
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
3 years seasoning from completion date required if in default at time of sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from foreclosure date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
3 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
7 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
7 years from discharge/dismissal
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
7 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
No seasoning requirement
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Homeowner’s Access Mortgage Lenders
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
4 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
4 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
7 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
4 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
3 years from completion date; FHA pays the initial claim and clears CAIVRS
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
3 years seasoning from completion date required if in default at time of sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
3 years seasoning from completion date required if in default at time of sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from foreclosure date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
3 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
–
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
7 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
7 years from discharge/dismissal
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
7 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
No seasoning requirement
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Homeowner’s Access Mortgage Lenders
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
4 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
4 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale.
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Foreclosure
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from completion
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Bankruptcy
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
|
|
Short Sale
| Conventional (Fannie Mae) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 2 years from discharge/4 years from dismissal |
| Short Sale |
4 years from completion |
| |
| Conventional (Freddie Mac) After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable. |
| Bankruptcy |
| Short Sale |
| |
| FHA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion date; FHA pays the initial claim and clears CAIVRS |
| Bankruptcy |
Ch. 7 – 2 years from discharge – AUS approval
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
| – |
3 years seasoning from completion date required if in default at time of sale. |
|
| |
| VA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from foreclosure date |
| Bankruptcy |
Ch. 7 – 2 years from discharge
Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
2 years from completion |
| |
| USDA Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
3 years from completion |
| Bankruptcy |
Ch. 7 – 3 years from discharge
Ch. 13 – 1 year of the payment period must have elapsed with satisfactory payment performance and permission from the court |
| Short Sale |
No seasoning if:
| – |
Borrower made all mortgage/installment payments within the month due for 12 mos. prior to the short sale, AND |
| – |
Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. |
|
| |
| Jumbo Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
7 years from completion |
| Bankruptcy |
7 years from discharge/dismissal |
| Short Sale |
7 years from completion |
| |
| Fresh Start Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
No seasoning requirement |
| Bankruptcy |
| Short Sale |
| |
| Homeowner’s Access Mortgage Lenders |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from filing date |
| Short Sale |
2 years from completion |
| |
| Premier Access Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
4 years from completion |
| Bankruptcy |
Ch. 7 – 4 years from discharge/dismissal
Ch. 13 – 4 years from filing date |
| Short Sale |
4 years from completion |
| |
| Investment Mortgage Lenders After Bankruptcy, Foreclosures, and Short Sale. |
| Foreclosure |
2 years from completion |
| Bankruptcy |
Ch. 7 – 2 years from discharge/dismissal
Ch. 13 – 2 years from the filing date |
| Short Sale |
2 years from completion |
2 years from completion
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