Conventional Loan Foreclosure Waiting Period

Contents

  1. Big paycheck.
  2. Freddie mac loan
  3. Bankruptcy waiting period
  4. Foreclosure waiting period
  5. -called “great recession

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Foreclosure – You may apply for a Conventional, freddie mac loan SEVEN (7) years after the sale date of your foreclosure or as determined by Loan Products Advisor (AUS) Foreclosure / Short Sale / DIL included in Bankruptcy – You may apply for a Conventional, Freddie Mac loan after a minimum FOUR (4) years after the sale date of your foreclosure or as determined by Loan Products Advisor (AUS)

Prior to June 20, 2010, the waiting period for a new loan following a foreclosure was five years. Now, to qualify for a Fannie Mae or Freddie Mac loan, you must usually wait …

CAIVRS Waiting Period After FHA Foreclosure When both a bankruptcy and foreclosure are disclosed on the loan application, or when both appear on the credit report, the lender may apply the bankruptcy waiting period if the lender obtains the appropriate documentation to verify that the mortgage loan in question was discharged in the bankruptcy. Otherwise, the greater of the applicable bankruptcy or foreclosure waiting period must be applied.

Mortgage Options / Fannie Mae Cuts Conventional Loan Waiting Period After Bankruptcy By Spencer Llewellyn on Oct 21, 2014 During the financial and housing crisis that gave birth to the so-called “great recession,” millions of homeowners found themselves underwater on their mortgages.

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