Recent Credit Event Loans are mortgage options that may help borrowers buy or refinance after a major credit event, such as bankruptcy, foreclosure, short sale, deed-in-lieu of foreclosure, charge-off of a mortgage account, or serious late payments.
The simple answer:
Yes, you may be able to get a mortgage after bankruptcy, foreclosure, or another recent credit event, but the right path depends on the type of event, the date it was completed or discharged, your current credit recovery, income, assets, down payment, property type, loan program, and lender guidelines. Some borrowers may need to wait for standard agency seasoning rules, while others may review FHA, VA, USDA, Conventional, Non-QM, or portfolio mortgage options depending on eligibility.
Fannie Mae says borrowers must demonstrate that they have re-established credit after a significant derogatory credit event such as bankruptcy, foreclosure, short sale, deed-in-lieu, or charge-off of a mortgage account, and that minimum waiting periods must be met before eligibility for a new Fannie Mae loan.
Important note: This article is for informational purposes only and is not a commitment to lend. Recent credit event mortgage approval, mortgage after bankruptcy approval, mortgage after foreclosure approval, FHA, Conventional, VA, USDA, Jumbo, Non-QM, portfolio, or other loan eligibility, rates, APR, fees, down payment, mortgage insurance, closing costs, seller credits, lender credits, cash to close, waiting periods, credit documentation, court documentation, property eligibility, appraisal results, and closing timelines depend on borrower qualifications, credit profile, income, debts, assets, property details, loan purpose, lender guidelines, underwriting, title, insurance, investor requirements, and current program rules.
Key Takeaways A recent credit event does not always mean you can never buy a home again. Common recent credit events include Chapter 7 bankruptcy, Chapter 13 bankruptcy, foreclosure, short sale, deed-in-lieu of foreclosure, mortgage charge-off, serious late payments, and unresolved federal debt issues. A mortgage after bankruptcy may be possible after the required waiting period and after you show re-established credit, stable income, and acceptable documentation. A mortgage after foreclosure may be possible, but the waiting period is often different from bankruptcy and may depend on whether the prior mortgage debt was discharged through bankruptcy. Fannie Mae’s standard waiting periods include 4 years after Chapter 7 or 11 bankruptcy, 2 years after Chapter 13 discharge, 4 years after Chapter 13 dismissal, 7 years after foreclosure, and 4 years after deed-in-lieu, short sale, or mortgage charge-off. Documented extenuating circumstances may shorten certain waiting periods, but not the 2-year period after Chapter 13 discharge. FHA may offer a path for some borrowers after credit events, but FHA guidelines and lender overlays must be reviewed carefully. HUD says FHA Handbook 4000.1 is the comprehensive FHA Single Family Housing policy source. For Chapter 13 bankruptcy, HUD states that a borrower is not automatically disqualified from FHA financing if at least 12 months of the payout period has elapsed, payments have been satisfactory and on time, and the borrower has written permission from the bankruptcy court to enter the mortgage transaction. USDA’s credit guidance says credit requirements may vary between Guaranteed Underwriting System loans and manually underwritten loans, and lenders may impose additional criteria or overlays. Some Non-QM programs may accommodate recent credit events, but underwriting is still required. Covered consumer-purpose mortgages must meet applicable Ability-to-Repay rules, while business-purpose investor loans follow separate underwriting requirements. At Loan Factory, we help borrowers compare available mortgage paths after recent credit events through a broad wholesale lender network, depending on eligibility and lender availability. What Are Recent Credit Event Loans? Recent Credit Event Loans are not one single mortgage program.
Instead, the phrase usually refers to mortgage options for borrowers who have had a major credit event and are trying to buy or refinance after rebuilding.
A recent credit event may include:
Chapter 7 bankruptcy Chapter 11 bankruptcy Chapter 13 bankruptcy Foreclosure Short sale Deed-in-lieu of foreclosure Mortgage charge-off Serious mortgage late payments Collections or judgments Federal debt default Prior government-backed loan loss Multiple recent delinquencies A borrower with a recent credit event may still have options, but the review is more detailed.
The lender may need to confirm:
What happened When it happened Whether the event was completed, discharged, dismissed, or resolved Whether the borrower has rebuilt credit Whether the borrower has stable income Whether the borrower can document assets and cash to close Whether the borrower meets waiting period rules Whether there were extenuating circumstances Whether the selected loan program allows the scenario The goal is not just to “get approved.”
The goal is to find a mortgage structure that is realistic, documented, affordable, and compliant.
What Is a Recent Credit Event Mortgage? A recent credit event mortgage refers to a home loan for a borrower who has experienced a significant credit setback. It is not a separate standardized mortgage program.
This may involve:
Standard agency loans after waiting periods are met FHA review after bankruptcy or foreclosure seasoning VA review for eligible borrowers USDA review for eligible rural properties and borrowers Non-QM loans with recent credit event guidelines Portfolio loans from lenders that review files outside standard agency rules Refinance options after credit recovery Purchase options after credit recovery Not every lender offers recent credit event options.
Some lenders follow only standard agency guidelines.
Others may offer Non-QM or portfolio options with different requirements.
That is why comparing lenders matters.
Mortgage After Bankruptcy: Can You Buy Again? Yes, a mortgage after bankruptcy may be possible, but timing and documentation matter.
The lender will usually review:
Bankruptcy chapter Filing date Discharge date Dismissal date, if applicable Court documents Trustee payment history, if Chapter 13 Court permission, if still in Chapter 13 Current credit score Re-established credit Housing payment history Income stability Debt-to-income ratio Assets and reserves Loan program waiting period Lenders also review your debt-to-income ratio to determine whether your income can support the proposed mortgage payment and other monthly debts.
A bankruptcy does not automatically remove your ability to qualify in the future.
But it does require careful documentation.
Fannie Mae’s conventional guidelines require borrowers to demonstrate re-established credit after significant derogatory credit events and meet applicable waiting periods.
Mortgage After Chapter 7 Bankruptcy Chapter 7 bankruptcy is often called liquidation bankruptcy.
For conventional loans, Fannie Mae requires a 4-year waiting period measured from the discharge or dismissal date for Chapter 7 or Chapter 11 bankruptcy. A 2-year waiting period may be permitted if documented extenuating circumstances apply.
What Lenders May Review After Chapter 7 Review Item
Why It Matters
Discharge date Determines seasoning period Credit report accuracy Confirms accounts are reporting correctly Re-established credit Shows financial recovery Housing history Helps show current payment reliability Income stability Supports ability to repay Debt-to-income ratio Measures affordability Down payment and reserves Helps offset risk Explanation letter Helps document the event and recovery Loan program Conventional, FHA, VA, USDA, Non-QM, or portfolio rules differ
A mortgage after Chapter 7 is often strongest when the borrower can show a clear recovery pattern: on-time payments, manageable debt, stable income, and clean documentation.
Mortgage After Chapter 13 Bankruptcy Chapter 13 bankruptcy is a repayment plan.
A borrower may still be making payments under the plan, or the bankruptcy may already be discharged or dismissed.
For conventional loans following Fannie Mae guidelines, the waiting period is 2 years after a Chapter 13 discharge or 4 years after a dismissal. Documented extenuating circumstances may reduce the dismissal waiting period to 2 years. The 2-year waiting period after discharge cannot be shortened under this exception.
For FHA, HUD states that Chapter 13 bankruptcy does not automatically disqualify a borrower if at least 12 months of the payout period has elapsed, the borrower’s payment performance during the most recent 12 months has been satisfactory and on time, and the borrower has written permission from bankruptcy court to enter the mortgage transaction.
What Lenders May Request for Chapter 13 Bankruptcy petition Repayment plan Trustee payment history Discharge or dismissal papers, if applicable Court permission to incur new mortgage debt, if required Explanation letter Credit report review Updated income and asset documents Housing payment history Underwriting approval Chapter 13 files can be very documentation-sensitive.
If you are still in a repayment plan, speak with your bankruptcy attorney and loan advisor before making an offer.
Mortgage After Foreclosure A mortgage after foreclosure may be possible, but the waiting period can be longer than some bankruptcy scenarios.
For conventional loans, Fannie Mae requires a 7-year waiting period from the completion date of the foreclosure. If documented extenuating circumstances apply, a 3-year waiting period may be permitted, but additional requirements apply between years 3 and 7, including maximum LTV limits and restrictions on eligible transactions.
What Lenders May Review After Foreclosure Review Item
Why It Matters
Foreclosure completion date Determines the waiting period Credit report remarks Confirms how the event is reported Public records Helps verify date and event type Bankruptcy connection May change which waiting period applies Re-established credit Shows recovery after the event Housing history Shows current rent or mortgage behavior Income and employment Supports approval and repayment Down payment May affect loan program options Loan type Conventional, FHA, VA, USDA, Non-QM, or portfolio rules differ
Fannie Mae also notes that if both bankruptcy and foreclosure are disclosed, the bankruptcy waiting period may apply if the lender obtains appropriate documentation showing the mortgage obligation was discharged in bankruptcy; otherwise, the greater of the applicable bankruptcy or foreclosure waiting period must be used.
This detail is important.
If your previous mortgage was included in bankruptcy, your documentation may affect how the waiting period is reviewed.
Mortgage After Short Sale or Deed-in-Lieu A short sale happens when a home is sold for less than the amount owed, usually with lender approval.
A deed-in-lieu of foreclosure happens when the property is transferred back to the lender instead of completing a foreclosure.
For conventional loans, Fannie Mae requires a 4-year waiting period after deed-in-lieu, preforeclosure sale, or mortgage charge-off. A 2-year waiting period may be permitted if documented extenuating circumstances apply.
Why Short Sale Documentation Matters Short sales, deed-in-lieu events, and charge-offs may not always appear clearly or consistently on a credit report.
Fannie Mae says these events may not be accurately or consistently reported by all creditors or credit reporting agencies, and lenders may need documentation to identify the event and completion date.
Keep copies of:
Final HUD-1 or Closing Disclosure from the short sale Lender approval letter Settlement statement Deed transfer documents Deficiency balance settlement, if applicable Charge-off documentation Bankruptcy discharge documents, if related A clear paper trail can make the review easier.
Conventional Recent Credit Event Guidelines Conventional loans follow Fannie Mae or Freddie Mac requirements when the loan is intended for agency delivery.
Here is a simplified Fannie Mae waiting period overview:
Credit Event
Standard Fannie Mae Waiting Period
Possible Shorter Period With Documented Extenuating Circumstances
Chapter 7 or 11 bankruptcy 4 years 2 years Chapter 13 bankruptcy 2 years from discharge or 4 years from dismissal Discharge: 2 years, with no reduction. Dismissal: may be reduced to 2 years. Multiple bankruptcy filings 5 years if more than one filing within the past 7 years 3 years Foreclosure 7 years 3 years, with additional restrictions Deed-in-lieu, short sale, or mortgage charge-off 4 years 2 years
Fannie Mae’s guidance also says re-established credit requires the waiting period and related additional requirements to be met, an acceptable DU recommendation or manual underwriting requirements, and traditional credit; nontraditional credit or “thin files” are not acceptable for re-establishing credit in this context.
Conventional May Fit If Your waiting period has passed. Your credit has been rebuilt. Your income is stable and documented. Your debt-to-income ratio is acceptable. You have enough down payment and cash to close. Your property and occupancy meet guidelines. The loan receives acceptable underwriting findings. Any credit event documentation is complete. Conventional loans may offer strong long-term value for some borrowers after credit recovery, but they are not always the first path after a recent credit event.
FHA Recent Credit Event Review FHA loans may be worth reviewing after a credit event because FHA can be more flexible than some conventional options in certain scenarios.
However, FHA is still an underwritten mortgage.
FHA does not mean automatic approval.
HUD says FHA Handbook 4000.1 is the comprehensive source of FHA Single Family Housing policy, including origination and endorsement requirements for FHA-insured mortgages.
FHA May Review Bankruptcy chapter and dates Foreclosure completion date Short sale or deed-in-lieu documentation Credit recovery Housing payment history Court permission, if Chapter 13 applies Debt-to-income ratio Income stability Assets and down payment FHA property requirements CAIVRS or federal debt issues, when applicable Lender overlays For Chapter 13, HUD states that at least 12 months of the payout period must have elapsed, payment performance must be satisfactory and on time, and court permission must be obtained for the mortgage transaction.
FHA may be a good option to compare, especially when conventional timing or credit requirements are not a fit.
VA Loans After a Recent Credit Event Eligible Veterans, service members, and qualifying surviving spouses may be able to review VA home loan options after a bankruptcy, foreclosure, or other credit event.
VA-backed loans are made by private lenders and guaranteed by the Department of Veterans Affairs. VA says lenders are private-sector or government entities that originate, hold, service, fund, buy, sell, or transfer VA-guaranteed loans.
VA Review May Include VA eligibility Certificate of Eligibility Bankruptcy or foreclosure date Whether a prior VA loan had a claim Entitlement availability Re-established credit Housing payment history Residual income Debt-to-income ratio Stable employment and income Lender-specific seasoning rules Property eligibility VA guidelines and lender overlays can vary.
If you are VA-eligible and had a credit event, it is important to work with a loan advisor who can review both your VA eligibility and your credit recovery timeline.
USDA Loans After a Recent Credit Event USDA Home Loans may help eligible low- to moderate-income buyers purchase a primary residence in an eligible rural area.
USDA says the Section 502 Guaranteed Loan Program assists approved lenders in helping eligible households own adequate, modest, decent, safe, and sanitary dwellings as their primary residence in eligible rural areas.
For USDA credit review, USDA’s HB-1-3555 Chapter 10 explains that credit requirements may vary for loans originated through the Guaranteed Underwriting System compared with manually underwritten loans, and lenders may impose additional criteria or overlays.
USDA’s current credit guidance states that a Chapter 7 bankruptcy discharged more than 36 months before submission to the Agency is not considered adverse credit. Dismissed or incomplete bankruptcies require a separate review of the borrower’s overall credit profile. Treatment of a more recent discharge depends on GUS findings, manual underwriting requirements, applicable credit exceptions, and lender overlays.
USDA May Review Rural property eligibility Household income limits Primary residence occupancy Credit history Bankruptcy or foreclosure timing Federal debt and CAIVRS issues Stable income Debt-to-income ratio Property condition GUS findings or manual underwriting USDA can be a helpful option for eligible borrowers, but it depends heavily on property location, income eligibility, credit history, and lender guidelines.
Non-QM Recent Credit Event Loans Non-QM loans may be worth reviewing if you do not currently fit standard Conventional, FHA, VA, or USDA guidelines.
Non-QM stands for non-qualified mortgage.
A Non-QM loan may offer more flexible guidelines for:
Recent bankruptcy Recent foreclosure Recent short sale Self-employed income Bank statement income 1099 income DSCR investor loans Asset-based qualification Higher loan amounts Complex borrower profiles Alternative documentation For self-employed borrowers, bank statement loans may offer an alternative income documentation method, depending on lender guidelines and the borrower's credit history. Review the bank statement loan requirements for documentation and credit considerations.
Loan Factory’s Non-QM education content notes that Non-QM loans may provide options for borrowers with financial difficulties such as bankruptcy or foreclosure.
Non-QM does not mean no underwriting. For covered consumer-purpose mortgages, lenders must assess the borrower’s ability to repay under CFPB rules. Business-purpose loans, including many DSCR investment property loans, are generally exempt from this rule but still require lender underwriting.
Non-QM May Fit If The credit event is too recent for standard agency guidelines. The borrower has strong compensating factors. Income is stable but documented differently. Down payment or equity is stronger. The property and loan purpose fit investor guidelines. The borrower can support ability to repay. The rate, fees, and structure are acceptable. Non-QM loans may have higher rates, larger down payment requirements, more reserves, stricter property review, or different documentation than standard agency loans.
They should be compared carefully.
Recent Credit Event Loan Options Comparison Loan Path
May Fit If
Key Review
Conventional Waiting period has passed and credit is rebuilt Fannie Mae/Freddie Mac waiting periods, DU/LPA findings FHA Borrower needs more flexible credit review FHA seasoning, court permission for Chapter 13, lender overlays VA Borrower is VA-eligible Entitlement, residual income, seasoning, lender rules USDA Property and borrower meet USDA rules Rural eligibility, income limits, GUS/manual underwriting Non-QM Agency waiting period has not passed or file is complex Down payment, reserves, applicable ability-to-repay requirements, credit event recency Portfolio loan Lender keeps loan in-house Internal bank/lender guidelines DSCR loan Investment property borrower qualifies by property cash flow Rental income, credit event seasoning, property eligibility Refinance Borrower already owns property Equity, payment history, loan purpose, payoff structure
The right path depends on more than the credit event.
A borrower with a recent bankruptcy but strong income and large down payment may have different options than a borrower with a foreclosure, thin credit, and limited reserves.
Waiting Periods Are Not the Whole Story Many borrowers focus only on the waiting period.
That is understandable, but seasoning is only one part of approval.
A lender may also review:
Current credit score Current payment history Rent or housing payment history New collections or charge-offs Re-established credit lines Debt-to-income ratio Income stability Employment history Assets and reserves Down payment source Explanation letter Court documents Credit report accuracy Property type Occupancy Loan purpose Lender overlays Understanding the mortgage underwriting process can help you prepare for a lender's review of your credit history, income, assets, and applicable waiting periods before making an offer.
Fannie Mae says lenders must determine the cause and significance of derogatory information, verify that sufficient time has passed, and confirm that the borrower has re-established acceptable credit history.
That is the right way to think about recent credit event loans.
The date matters.
The recovery matters too.
How to Prepare for a Mortgage After Bankruptcy or Foreclosure Step 1: Confirm the Exact Credit Event Start by identifying the event clearly.
Was it:
Chapter 7 bankruptcy? Chapter 13 bankruptcy? Foreclosure? Short sale? Deed-in-lieu? Mortgage charge-off? Several events combined? This matters because each event may have a different waiting period and documentation requirement.
Step 2: Confirm the Completion or Discharge Date The date used by underwriting may not be the date you remember emotionally.
A lender may need the official:
Bankruptcy discharge date Bankruptcy dismissal date Foreclosure completion date Trustee sale date Short sale closing date Deed-in-lieu transfer date Mortgage charge-off date Court approval date Fannie Mae says waiting periods are measured from the completion, discharge, or dismissal date, as applicable, and end on the disbursement date of the new loan for manually underwritten loans.
Step 3: Review Your Credit Report for Accuracy After bankruptcy, foreclosure, short sale, or deed-in-lieu, credit reporting can be confusing.
Accounts may show incorrect balances, wrong dates, duplicated events, or inaccurate remarks.
CFPB says credit reporting companies must investigate disputes, forward relevant information to the company that furnished the information, and report results back to the consumer.
Review:
Bankruptcy reporting Mortgage trade lines Foreclosure remarks Short sale remarks Charge-off remarks Collection balances Dates of last activity Discharged debts Duplicate accounts Unresolved disputes Do not ignore errors.
Incorrect credit reporting can affect the mortgage timeline and underwriting decision.
Step 4: Rebuild Credit Carefully Strong credit recovery can help your file.
Focus on:
Paying all accounts on time Keeping credit card balances manageable Avoiding new late payments Avoiding unnecessary new debt Keeping a clean housing payment history Resolving collections or judgments when required Keeping documentation for any settlement or payment plan Avoiding aggressive credit repair claims that cannot be documented Re-established credit is a major part of post-credit-event mortgage review.
Step 5: Prepare an Explanation Letter Many lenders may request a written explanation.
A good explanation letter should be simple, factual, and documented.
It may include:
What happened When it happened Why it happened Whether it was temporary or resolved How your financial situation has changed How you have rebuilt credit Why the new mortgage is affordable Do not exaggerate.
Underwriters want a clear, documented story that matches the credit report and supporting documents.
Step 6: Gather Documentation Early Recent credit event files usually need more documentation than standard files.
You may need:
Document
Why It May Be Needed
Bankruptcy discharge Confirms discharge date Bankruptcy dismissal Confirms dismissal date Chapter 13 payment history Confirms plan performance Court permission May be required for active Chapter 13 Foreclosure documents Confirms completion date Short sale closing documents Confirms sale date and terms Deed-in-lieu documents Confirms transfer date Charge-off documentation Verifies the charge-off date, account status, and any remaining debt or lien issues. Credit report Confirms how events are reported Explanation letter Explains event and recovery Rent history Shows current housing payment performance Pay stubs and W-2s Verifies income Tax returns May be required for self-employed or complex income Bank statements Verifies assets and cash to close
The earlier these are reviewed, the easier it is to compare options. For a broader overview, review the Mortgage Application Document Checklist .
What We See in Real Recent Credit Event Reviews At Loan Factory, many borrowers come to us worried that a bankruptcy or foreclosure means homeownership is permanently out of reach.
In many cases, the better question is:
Which mortgage path fits your current timeline, credit recovery, income, assets, and property goal?
Here are common patterns we see:
A borrower may be past the waiting period but still needs to rebuild credit or resolve reporting errors. A borrower may have strong income but need a Non-QM review because the credit event is too recent for conventional guidelines. A borrower in Chapter 13 may need court permission and trustee payment history before underwriting can move forward. A borrower with both bankruptcy and foreclosure may need careful documentation to determine which waiting period applies. A borrower with VA eligibility may have a different path than a borrower using conventional financing. A borrower buying a primary residence may have more options than a borrower buying an investment property. A borrower with stronger down payment or reserves may have more lender options than a borrower with limited cash to close. Recent credit event lending is not one-size-fits-all.
It is a documentation and program-matching process.
Recent Credit Event Mortgage Checklist Use this checklist before applying.
Checklist Item
Ready?
Identify the exact credit event ☐ Confirm discharge, dismissal, or completion date ☐ Pull and review credit reports ☐ Dispute inaccurate reporting if needed ☐ Gather bankruptcy, foreclosure, or short sale documents ☐ Rebuild on-time payment history ☐ Avoid new late payments ☐ Keep credit utilization manageable ☐ Save funds for down payment and closing costs ☐ Prepare explanation letter ☐ Confirm rent or housing payment history ☐ Compare Conventional, FHA, VA, USDA, and Non-QM options ☐ Ask about lender overlays ☐ Review rate, APR, payment, fees, and cash to close ☐ Get pre-approved before making an offer ☐
This is especially important if you are close to the end of a waiting period.
A few missing documents can delay the process.
Common Mistakes to Avoid Mistake 1: Assuming You Can Never Get a Mortgage Again A bankruptcy or foreclosure can make financing harder, but it does not automatically end your ability to buy a home in the future.
Mistake 2: Looking Only at the Waiting Period Waiting periods matter, but lenders also review credit recovery, income, assets, debt, housing history, and property eligibility.
Mistake 3: Not Checking Credit Report Accuracy Credit reporting errors can affect approval.
CFPB says consumers can dispute errors and the credit reporting company must investigate and report results back.
Mistake 4: Confusing Discharge Date With Filing Date Many mortgage waiting periods are measured from discharge, dismissal, completion, or transfer dates, not simply the date the problem began.
Mistake 5: Not Documenting Chapter 13 Payments If you are in Chapter 13, payment history and court permission may matter.
HUD’s FHA guidance specifically requires satisfactory payment performance and written court permission in certain Chapter 13 scenarios.
Mistake 6: Assuming Every Lender Has the Same Rules USDA’s credit guidance notes that lenders may impose additional criteria or overlays at their discretion.
The same idea applies across mortgage lending: lender overlays can make one lender’s answer different from another lender’s answer.
Mistake 7: Ignoring Non-QM Too Early or Choosing It Too Fast Non-QM may help some borrowers, but it can come with different pricing, down payment, reserve, and documentation requirements.
Compare it carefully against standard agency options.
Mistake 8: Making a Home Offer Before a Full Review A recent credit event file needs careful pre-approval.
Do not rely only on a quick estimate or informal answer.
Before making an offer, it is important to understand mortgage pre-approval and how lenders review your credit history, income, assets, and applicable waiting periods. For more details, read our guide: What Is a Mortgage Pre-Approval?
How Loan Factory Helps With Recent Credit Event Loans At Loan Factory , we help borrowers compare available mortgage options after bankruptcy, foreclosure, short sale, deed-in-lieu, mortgage charge-off, and other recent credit events.
What Loan Factory Offers Borrowers Review of recent credit event mortgage options Conventional, FHA, VA, USDA, Jumbo, Non-QM, DSCR, and portfolio option comparison, depending on eligibility Support for borrowers seeking a mortgage after bankruptcy Support for borrowers seeking a mortgage after foreclosure Side-by-side comparison of rate, APR, payment, fees, mortgage insurance, credits, and cash to close Local loan advisor support to explain waiting periods, credit documentation, and lender overlays TERA technology platform to support pricing, loan comparison, document flow, and loan review Loan Factory does not guarantee loan approval, recent credit event approval, bankruptcy approval, foreclosure approval, lower payment, lower rate, property eligibility, appraisal results, or that one program will be best for every borrower.
But we can help you compare available mortgage paths before you apply, make an offer, or choose a loan program.
Ready to review mortgage options after a recent credit event?
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Sources Author Box Written by: Loan Factory Mortgage Education Team
Loan Factory is a technology-powered mortgage platform helping borrowers compare mortgage options through a broad wholesale lender network. Our mortgage education content is designed to help borrowers understand recent credit event loans, mortgage after bankruptcy options, mortgage after foreclosure options, waiting periods, documentation, credit recovery, loan program eligibility, closing costs, and the mortgage process before applying.
Compliance Disclaimer This content is for informational and educational purposes only and is not a commitment to lend, not legal advice, not tax advice, not credit repair advice, and not financial advice. Recent credit event mortgage approval, mortgage after bankruptcy approval, mortgage after foreclosure approval, FHA, Conventional, VA, USDA, Jumbo, Non-QM, DSCR, portfolio, refinance, home equity, or other loan eligibility, rates, APR, fees, payment estimates, down payment, mortgage insurance, seller credits, lender credits, closing costs, cash to close, waiting periods, credit documentation, court documentation, property eligibility, appraisal results, title review, insurance approval, and closing timelines depend on borrower qualifications, credit profile, income, debts, assets, property details, lender guidelines, underwriting, investor requirements, title, insurance, and current program rules. Not all applicants, homes, properties, or programs will qualify. Terms may change without notice.
Loan Factory is not affiliated with or acting on behalf of HUD, FHA, VA, USDA, Fannie Mae, Freddie Mac, FHFA, CFPB, FTC, or any government agency. FHA, VA, USDA, Conventional, Jumbo, conforming, non-conforming, Non-QM, DSCR, refinance, cash-out refinance, home equity, and other loan programs are offered through participating lender partners and approved program providers, subject to eligibility and underwriting approval.
Equal Housing Opportunity.
FAQ: Recent Credit Event Loans 
