FHA Mortgages
- 2 year wait time after Chapter 7
- 1 year wait time after Chapter 13 Bankruptcy. You must have made 12 payments on time to the trustee and must have trustee and judge approval to purchase another home.
- 3 year wait time after foreclosure.
- 3 year wait time after short sale if there were any mortgage late payments in the 12 months before the short sale.
- There is no waiting period if you had no mortgage late payments in the 12 months before the short sale occurred.
Fannie Mae or Freddie Mac
- 4 year wait time after Chapter 7 or Chapter 13 Bankruptcy.
- 7 year wait time after foreclosure.
- 2 year wait time after short sale (20% down payment required).
VA Mortgage
- 2 year wait time after Chapter 7 Bankruptcy.
- 1 year wait time after Chapter 13 Bankruptcy. You must have made 12 payments on time to trustee and must have trustee and judge approval to purchase another home.
- 2 year wait time after foreclosure.
- 2 year wait time after short sale.
Van Law Firm has helped many in the Las Vegas and Henderson community with foreclosure, short sale, bankruptcy, debt settlement, loan modification, and personal injury.
Please feel free to contact us today so that we may discuss the options that are available to you.
Debt Rescue Law at (833) 707-1234.
