Helping Families Finance Dream Homes Since 2006

How Soon After A Derogatory Event On My Credit Can I Apply For A Conventional Loan?

Derogatory EventWaiting Period Requirements
Bankruptcy—Chapter 7 or 114 years
Bankruptcy—Chapter 132 years from discharge date, or 4 years from dismissal date
Multiple Bankruptcy Filings5 years if more than one filing within the last 7 years
Foreclosure7 years
Mortgage Modification4 years
Short Sale(Deed in lieu of foreclosure)2 years