I wanted to quickly go over the waiting period various loan programs have for Foreclosure.
FHA – 3 years from completion date. Exceptions with extenuating circumstances are allowed.
VA – 2 years from completion date with an automated system refer.
Fannie Mae – 7 years from completion date, or if you can get an automated approval sooner, the wait can be less.
Freddie Mac – 7 years from completion date, or if you can get an automated approval sooner, the wait can be less.
That’s it for today!
I hope you have a great day! Thanks for reading!
Brett
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