If you’ve been through a foreclosure, you’ve crawled through one of the worst real estate ordeals there is. But that experience doesn’t mean homeownership has to remain forever out of reach afterward.
How long after foreclosure can I apply for a loan?
“For a conventional mortgage, a borrower who experienced foreclosure is required to wait seven years,” says Ray Rodriguez, regional sales manager at TD Bank.
On the other hand, the Federal Housing Administration and the U.S. Department of Agriculture require a three-year waiting period while the U.S. Department of Veterans Affairs requires a two-year wait.