The Come Back Buyer
07.10.2013
, Blog, Featured, Home Buyer Tips, Home Financing Tips
“The Come Back Buyer”
How Long Do Buyers Need to Wait Before They Can Become Home Owners Again?
Summit Funding has been nice enough to share this information.
CONVENTIONAL
CHAPTER 7 BK
4 YRS FROM DISCHARGE DATE
CHAPTER 13 BK
2 YRS FROM DISCHARGE DATE
4 YTS FROM DISMISSAL DATE
FORECLOSURE
7 YRS FROM RECORDED DATE
SHORT SALE
2 YRS – 80% LTV
4 YRS – 90% LTV
7 YRS – MAX LTX
LOAN MODIFICATION
4 YRS UP TO 90% LTV
7 YRS UP TO MAX LTV
EXCEPTION:
1 YR – IF NO PRINCIPAL REDUCTIONS
& HAVE MET MOD TERMS
