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Credit Seasoning from Foreclosure, BK, Short Sale?

Here are the minimum “seasoning requirements” for major adverse Credit Events. We publish these often, as we continuously get questions.

BANKRUPTCY: 2 Years from DISCHARGE.

FORECLOSURE: 3 Years from Date of Sale

SHORT SALE: 0 Years or no seasoning required IF there were no late payments on the mortgage up to the sale date; 1 to 2 years if there were late payments.

The above “requirements” are all for FHA financing. Conventional Financing seasoning requirements are much more stringent.

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