February 26th, 2013 3:08 PM by Michael and Jill Kohler
A seven-year waiting period is required, and is measured from the completion date of the foreclosure action as reported on the credit report or other foreclosure documents provided by the borrower.
Qualifying for FHA Loan after Foreclosure:
You need to wait for 3 years after the foreclosure to qualify for an FHA loan.
Qualifying for VA Loan after Foreclosure:
To qualify for VA loan after foreclosure, the wait period is two years.
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