Derogatory Credit Waiting Period Timeframes
4 years from completion date regardless of the down payment amount.
3 year waiting period
2 year waiting period
7 years elapsed from date of trustee sale - may allow 3 years if extenuating circumstances can be documented / approved along with other restrictions.
3 years waiting period - may allow sooner with extenuating circumstances.
2 years elapsed from time of event.
Chapter 7: 4 years waiting period from Discharge Date - may be able to wait only 2 years with extenuating circumstances
Chapter 13: 2 years waiting period from time of discharge or 4 years wait from time of dismissal.
Chapter 7: 2 years from Discharge Date
Chapter 13: 1 year waiting period with on time payments and permission by court or trustee.
Chapter 7 or 13: 2 years from discharge