This BLOG On VA Foreclosure Guidelines In Qualifying For VA Home Loans Was PUBLISHED On April 17th, 2019
VA Foreclosure Guidelines requires a two-year waiting period after a housing event to qualify for VA Loans.VA Foreclosure Guidelines is less strict than other loan programs.
- A housing event is a foreclosure, deed in lieu of foreclosure, or short-sale
- HUD, the parent of FHA, requires a three-year waiting period after a housing event
- Fannie Mae and Freddie Machave a four-year waiting period after a short sale or deed in lieu of foreclosure and a seven-year waiting period after a standard foreclosure
- NON-QM Loans does not have any waiting period requirements after a housing event
- However, non-qm loans do require a 10% to 20% down payment requirement
In this blog, we will discuss VA Foreclosure Guidelines and qualifying for VA Loans after a housing event.
VA Foreclosure Guidelines On Buying A Home After Housing Event
VA Foreclosure Guidelines mandates a waiting period after the foreclosure, deed in lieu of foreclosure, short sale to qualify for a VA Loan.
- Unlike other loan programs, VA Foreclosure Guidelines makes it able for borrowers to qualify for a VA Loan just two years after a housing event
- FHA and USDA require a three-year waiting period
- Conventional loans require a four year waiting period after a deed in lieu of foreclosure and/or short sale and 7 years after a foreclosure
Читать далее “VA Foreclosure Guidelines In Qualifying For VA Home Loans”