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home loan after foreclosure

  • August 11 2011 - Bartow
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Answers (2)

FHA requires you wait three years from the date the public trustees deed was recorded to purchase again.  If you had a prior FHA mortgage and there was a claim paid out on the mortgage insurance you must wait until three years has passed since the claim was paid out (CAIVRS).

Conventional requires that seven years have passed except in very strict extenuating circumstances.  In the case that you have an extenuating circumstance you can get a new mortgage after only three years, but other limits apply.
  • August 12 2011
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Profile picture for wetdawgs
What was the date of your foreclosure?  It will take several years until eligible, depending on the type of loan.
  • August 11 2011
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