fha loan foreclosure waiting period

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The FHA loan handbook, HUD 4000.1, states that the FHA minimum requirements for getting a new loan following a foreclosure include a waiting period. This period, often called a "seasoning period" or "seasoning requirement" is normally three years.

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FHA Loan Foreclosure Waiting Periods. There’s a three-year waiting period after foreclosure for FHA loans. It does allow for documented extenuating circumstances, though it doesn’t specify an exact time frame. That said, you should expect for it to be at least one year – the guidelines.

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FHA Loans and Minimum Waiting Periods After Foreclosure: A Reader Question. A reader asks, "After a foreclosure how many years you must wait for a new application?" FHA loan rules governing this question can be found in HUD 4155.1, Chapter Four, Section C.

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The FHA loan handbook, HUD 4000.1, states that the FHA minimum requirements for getting a new loan following a foreclosure include a waiting period. This period, often called a “seasoning period” or “seasoning requirement” is normally three years.

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FHA Waiting Period After Foreclosure – A borrower whose previous residence or other real property was foreclosed on or has given a deed-in-lieu of foreclosure within the previous three years is generally not eligible.. Foreclosure must have been resolved for at least 3 years with no late payments since the date of resolution.

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FHA loan refinance after foreclosure waiting period. fha foreclosure waiting period 2017 A borrower whose previous residence or other real property was foreclosed on or has given a deed-in-lieu of foreclosure within the previous three years is generally not eligible.

When both a bankruptcy and foreclosure are disclosed on the loan application, or when both appear on the credit report, the lender may apply the bankruptcy waiting period if the lender obtains the appropriate documentation to verify that the mortgage loan in question was discharged in the bankruptcy.

 · When both a bankruptcy and foreclosure are disclosed on the loan application, or when both appear on the credit report, the lender may apply the bankruptcy waiting period if the lender obtains the appropriate documentation to verify that the mortgage loan in question was discharged in the bankruptcy.. Otherwise, the greater of the applicable.