Here are the waiting periods for some of the most common situations
| Short Sale/Deed-in-Lieu | Foreclosure | Chapter 7 Bankruptcy | Chapter 13 Bankruptcy | |
|---|---|---|---|---|
| FNMA | 4 years | 7 years from completion date | 4 years from discharge or dismissal date |
2 years from discharge date; 4 years from dismissal date |
| FHA | Permitted with mortgage history 0x30 for 12 months prior to short sale; 3 years if in default |
3 years from completion date | 2 years from discharge date | 1 year of payout must elapse; buyer must receive permission from court |
| VA | Permitted with mortgage history 0x30 for 12 months prior to short sale; 2 years if in default |
2 years per AUS findings with an exception; 3 years from completion date with AUS Refer |
2 years from discharge date | 1 year of payout must elapse; buyer must receive permission from court |
| USDA | 3 years from completion date | 3 years from completion date | 3 years from discharge date | 1 year of payout must elapse; buyer must receive permission from court |
| Alt-A | 1 day after completion date | 1 day after completion date | 1 day after discharge date with foreclosure completed; 12 months without disclosure |
1 day after discharge date; buyout with trustee permission |