Blog / Mortgage Industry / Bankruptcy Seasoning Requirements – 0 to 7 Years

Bankruptcy Seasoning Requirements – 0 to 7 Years

By Jay Voorhees

February 21, 2019 1 min read
    Bankruptcy Seasoning Requirements - 0 to 7 Years

    Bankruptcy Seasoning Requirements - 0 to 7 YearsHere are the seasoning periods necessary after a borrower files for bankruptcy protection.

    FHA Financing with 3.5% Down

    Chapter 7 (Debt Liquidation) BK: 2 years from discharge

    Chapter 13 (Debt Payoff Plan) BK: 0 years with court approval if borrower is still in the BK.

    Conventional Financing

    All Bankruptcies: 4 years from discharge

    Jumbo Financing

    All Bankruptcies: 4 to 7 years from discharge, depending on investor.

    Non-QM Financing

    All Bankruptcies: 0 years, but the down payment will need to be 20% or more

    Here are some additional tips for buying a home after bankruptcy.

    Jay Voorhees
    Founder/Broker | JVM Lending
    (855) 855-4491 | DRE# 1197176, NMLS# 310167

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