Helping Families Finance Dream Homes Since 2006

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

Derogatory EventWaiting Period Requirements
Bankruptcy—Chapter 7 or 112 years from discharge date
Bankruptcy—Chapter 131 year out of the payout period
Foreclosure3 years
Mortgage Modification3 years
Short Sale(Deed in lieu of foreclosure)3 years