Helping Families Finance Dream Homes Since 2006

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

Derogatory Event Waiting Period Requirements
Bankruptcy—Chapter 7 or 11 4 years
Bankruptcy—Chapter 13 2 years from discharge date, or 4 years from dismissal date
Multiple Bankruptcy Filings 5 years if more than one filing within the last 7 years
Foreclosure 7 years
Mortgage Modification 4 years
Short Sale(Deed in lieu of foreclosure) 2 years