Waiting Periods for Post Foreclosure, Short Sale & Bankruptcy

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"When can I purchase again?"

Waiting Periods After a Foreclosure, Short Sale or Bankruptcy





USDA Rural



7 years from completion of foreclosure

3 years from completion date, FHA pays the initial claim & clears CAIVR

2 years from foreclosure date

3 years from completion date

5-7 years from trust deed rate

Short Sale

2 years – max 80% LTV

4 years – max 90% LTV

7 years – max LTV allowable

3 years from completion date if in default at time of sale

2 years from completion date

USDA has no specific information – assume same as foreclosure

5-7 years from completion date

Chapter 7 Bankruptcy

4 years from discharge/ dismissal

2 years from discharge – AUS approval

2 years from discharge date

3 years from discharge date

5-7 years from discharge date

Chapter 13 Bankruptcy

2 years from discharge

4 years from dismissal

1 yr of payment period must have elapsed with satisfactory payment performance and permission from the court

1 day from completion of payment plan if all payments were satisfactory and with permission from the court

3 years from discharge date

5-7 years from discharge date

All waiting periods are subject to underwriting approvals.  These programs are available only to qualified borrowers and are subject to change without notice.  Some restrictions may apply.

Request a one-on-one consultation with a BMC Keystone Mortgage Professional.

Set up a Personal Mortgage Consultation

No Cost. No Obligations.

If you had a past foreclosure, short sale or bankruptcy and are considering a purchase in the future, it’s important to know your options. Before you start your home search, talk to a mortgage professional.  Contact us to schedule a private mortgage consultation.

  • Understand under writer requirements and approvals
  • Overcome credit issues so that you can get the lowest possible rate
  • Get a letter of pre-qualification

Request an appointment online or call our office during regular business hours at (215) 885-4828.

Contact Us

Terri Sirianni
NMLS# 128084
Phone: (215) 885-4828
Fax: (215) 885-6708

Franco D’Angelo
NMLS# 132805
Phone: (610) 633-7352
Fax: (215) 885-6708

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508 N Tyson Avenue
Glenside, PA 19038
(215) 885-4828

NMLS# 122121

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