SHORT SALE /
OIL
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FORCLOSURE
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CHAPTER 7 BK
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CHAPTER 13 BK
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FREDDIE MAC
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Seasoning: Financial Miss-Manage.:4 Yrs
Extenuating circumst.: 2 Yrs Max 90% LTV
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Evaluated by LP
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FANNIE MAE
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4 Years from
completion date |
7 Yrs from completion date
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4 Yrs from discharge or dismissal date
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2 Yrs from discharge date 4 Yrs from dismissal date
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FHA
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Permitted with mtg/installment OX30 for 12 months
prior to short sale. 3 yrs if in default.
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3 Yrs from completion date, exceptions
with extenuating circumstances
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2 Yrs from discharge date, but not less
than 12 Months w/ extenuating circumstances
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1 Yr of payout must
elapse & payment performance must be satisfactory; Must receive permission from court to enter into
a mortgage
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VA
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Permitted with
mtg/installment OX30 for 12 months prior
to short sale. 3 yrs if in default.
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3 Yrs from completion date
with AUS Refer
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2 Yrs from discharge date with AUS Refer
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USDA
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3 Years
from completion date
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JUMBO
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Refer to specific Jumbo
guidelines
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Information provided by So EZ Mortgage.
