How Long Do You Have To Wait To Get A Home Loan After Foreclosure, Short Sale or Bankruptcy?

how long to wait after foreclosure

Tyler Frank,
Paramount Mortgage
NMLS ID 942420

Since the real estate market crash, millions of homeowners have lost their homes in a foreclosure, been forced to do a short sale to get out from a home they were underwater on or file bankruptcy as a result of financial hardship as a result of the the market crash and general economic downturn.  Many of these homeowners have resorted to renting or living with relatives but, as time passes and the financial wounds heal, are now wanting to buy a home again prompting the question, “how long do I have to wait after a foreclosure, short-sale, deed-in-lieu or bankruptcy before I can get a home loan again?”.

Fortunately, it is possible for former homeowners who have faced financial hardships to obtain a home loan again, but it does take time and effort on their part.  Before obtaining a home loan after a foreclosure, short-sale or bankruptcy, the borrower will have to reestablish credit and establish a stable income that will support the home loan they wish to obtain.  In addition, time will have to pass as (see the chart below), no matter how well the borrowers situation has improved, there are still some minimum timeframes that will have had to pass in order to be eligible for most types of home loans.  There is no “one size fits all” answer though, so I highly suggest if you are in this situation and want to know what your options are, to use the form below to contact me, I’ll be happy to help.


how long after foreclosure

About the author: Tyler is Paramount Mortgage Company’s general counsel as well as a licensed mortgage loan originator. Tyler is a 1999 graduate of the University of North Carolina at Chapel Hill where he was a member of the university’s Dean’s List. He received his J.D. from Washington University’s School of Law in 2002 and is a member of the Missouri Bar Association and the Illinois State Bar Association.

Tyler is “big brother” mentor and role model to a young man through the Big Brothers Big Sisters of Eastern Missouri. He is a member of the St. Louis Sports Commission’s Associates Board, the University of North Carolina at Chapel Hill’s Alumni Admissions Committee and Mary Institute and St. Louis Country Day’s Alumni Executive Committee. In 2012, Tyler successfully summited Mt. Kilimanjaro (19,341 ft.) in Tanzania, Africa, and ran his first full marathon.

Tyler can be reached by email at or by phone at 314.372.4313.

Print Friendly, PDF & Email

14 comments to How Long Do You Have To Wait To Get A Home Loan After Foreclosure, Short Sale or Bankruptcy?

  • Hello there, simply became alert to your weblog via Google, and found that it is really informative. I’m going to be careful for brussels. I’ll be grateful for those who proceed this in future. Many other people can be benefited out of your writing. Cheers!

  • Just wish to say your article is as surprising. The clearness in your post is simply spectacular and i can assume you’re an expert on this subject. Fine with your permission let me to grab your feed to keep up to date with forthcoming post. Thanks a million and please continue the enjoyable work.

  • I really enjoy looking at on this internet site, it holds superb articles.

  • Terrific work! This is the type of info that should be shared around the internet. Shame on the search engines for not positioning this post higher! Come on over and visit my web site . Thanks =)

  • Hi there, just became aware of your blog through Google, and found that it’s truly informative. I am going to watch out for brussels. I’ll appreciate if you continue this in future. Numerous people will be benefited from your writing. Cheers!

  • I love your writing style truly enjoying this web site.

  • This blog is definitely rather handy since I’m at the moment creating an internet floral website – although I am only starting out therefore it’s really fairly small, nothing like this site. Can link to a few of the posts here as they are quite. Thanks much. Zoey Olsen

  • Looking with respect to high quality along with anonymous private proxies? gives the very best quality incognito proxies with the help of 50 special discounts and even BIG bonus products! Purchase at present and enjoy your private proxies

  • very nice post, i definitely love this website, keep on it

  • Absolutely indited content material, appreciate it for entropy. “In the fight between you and the world, back the world.” by Frank Zappa.

  • Everything is very open and very clear explanation of issues. was truly information. Your website is very useful. Thanks for sharing.

  • Hey! I could have sworn I’ve been to this blog before but after checking through some of the post I realized it’s new to me. Nonetheless, I’m definitely glad I found it and I’ll be bookmarking and checking back frequently!

  • I just couldn’t leave your web site before suggesting that I extremely enjoyed the standard info a person supply on your visitors? Is going to be again continuously in order to inspect new posts.

  • I love foregathering useful info, this post has got me even more info! .

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>