The waiting period required since any of the above mentioned events depends on the type of financing for which you are now applying. If you are eligible for VA financing, your waiting period is the shortest. FHA loans have a waiting period range of 2-4 years depending on whether your event was due to "extenuating circumstances" that can be documented.
If you feel you are ready to buy a home again but are unsure if you qualify, you should make contact with a professional loan officer to begin the process. You may qualify to move forward with a purchase now. If not, you will at least know how much longer you must wait and can obtain advice on how to improve your credit and overall financial picture so that you are well prepared when your waiting period is over.
If you feel you are ready to buy a home again but are unsure if you qualify, you should make contact with a professional loan officer to begin the process. You may qualify to move forward with a purchase now. If not, you will at least know how much longer you must wait and can obtain advice on how to improve your credit and overall financial picture so that you are well prepared when your waiting period is over.
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