Waiting Period Before Buying Another Home

Waiting Period Before Buying Another Home: This can be a key difference.

Foreclosure:

  • VA loans:  2 years
  • FHA loan:  3 years
  • Conventional:  7 years

Short Sale:

  • Conventional:  2 years (if 20% down payment)
  • FHA:  3 years

Note: All of this, of course, assumes credit/income qualifications are meeting standard guidelines.

Click on the links below to see current short sales and/or REOs in each area. Contact Larry “Neal” Clark for more details.