Years to clear off credit report

Question 1

When can a borrower repurchase again after a short sale?

FHA / Conventional / VA

Answer 1

Conventional you may buy again after 4 years from credit report of short sale

FHA you may buy again after 3 years from credit report of short sale

VA you may buy again after 2 years from credit report of short sale

Question 2

When Can a borrower purchase again after a foreclosure?

FHA / Conventional / VA

Answer 2

Conventional you may buy again 7 years from credit report of foreclosure

FHA you may buy again 3 years from credit report of foreclosure

VA you may buy again 2 years from credit report of foreclosure

Question 3

When can a borrower purchase again after a
Ch. 13 bankruptcy OR Ch. 7 bankruptcy?

FHA / Conventional / VA

Answer 3

VA Chapter 7 bankruptcy you must wait 2 years after discharge date///// VA Chapter 13 bankruptcy you must wait 1 year after discharge date

Conventional Chapter 7 bankruptcy you must wait 4 years after discharge date//// Conventional Chapter 13 bankruptcy you must wait 2 years after discharge date

FHA Chapter 7 bankruptcy you must wait 2 years after discharge date///// FHA chapter 13 bankruptcy you must wait 1 year after discharge date