How long do I have to wait after defaulting on my mortgage?
This occured 7 years ago. Has enough time passed that I can apply for a mortgage again? by jramio825 from Birmingham, Ohio. May 19th 2021
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Yes. Standard conventional loans are a 7-year wait past the Sheriff Sale date. FHA loans are only 3-years. I lend in MN Wi IA ND SD. Find me at iMortgageJoe.com - Cambrai Mortgage NMLS 274132
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions
Your 'Penalty Period' expires on the 7th anniversary of the execution of the Trustee's Deed or Sheriff's Deed. Give us a call to get yourself pre-approved. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in AZ, CA, GA, IL, OR & WA... In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000.
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