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Ready to make a comeback?
Your Intercap loan officer can help you put a plan and timeline together so you can buy a home when the time is right.
Bad credit can be a big roadblock to buying a home. Repairing credit can take time and expertise. Don’t wait and guess. Your Intercap loan officer can let you know exactly where you stand and where you need to be to qualify for a home loan. Making a plan is the best way to overcome bad credit road blocks.
In general, you’ll need to wait two years after a foreclosure or short sale to qualify for a VA loan, three years to get an FHA or USDA loan, and seven years to qualify for a conventional loan. The wait to qualify for a home loan after the discharge of a Chapter 13 bankruptcy could be even faster. Contact your Intercap loan officer to find out exactly when you can qualify and what you may need to do to buy your next home.