Tag Archive for: seasoning

Bankruptcies Up; How Long Do They Have to Season for Mortgage Financing?

In another indication that we are at the tail end of a business growth cycle, Bankruptcy (BK) filings are increasing even though the economy remains relatively strong. BK filings were […]Read More

Must Wait Six Months From Purchase For Higher Appraised Value

We often have borrowers buy under market value or buy in quickly appreciating markets. They always ask how soon they can refinance into a better loan when their loan-to-value ratios […]Read More

Bankruptcy Seasoning Requirements; 0, 2 & 4 Years

We are revisiting Bankruptcy (BK) seasoning requirements b/c we are asked so often: For Chapter 7 (liquidation) BKs the seasoning is 2 years from discharge for FHA financing and 4 years […]Read More

Out of BK and Into Mortgage With No Seasoning; Bankruptcies

Borrowers in a Chapter 13 Bankruptcy can obtain FHA mortgage financing immediately out of the bankruptcy with no seasoning. They need to have been in bankruptcy for over one year, […]Read More

Rookies & No Short Sale Seasoning & 2nd Job Seasoning

We met First Time Home Buyers over the weekend who had been woefully misinformed by other lenders, driving home our point about the need for proper training and education in […]Read More