Millions of Americans have been affected by a short sale, foreclosure or bankruptcy and may be afraid they will never be able to own a home again. Luckily, a derogatory credit item doesn’t mean an end to homeownership.
Check out the chart below to view waiting periods, by loan type, for homebuyers who have experienced foreclosure, short sale or bankruptcy, without extenuating circumstances.
*Foreclosure rates are cited from CoreLogic data highlighted in a opens in a new windowJanuary 2015 Forbes article.
All loans subject to credit approval.