credit flaws for FHA

If you have a blemish on your credit report, you may be able to get approved for an FHA loan by following these requirements:

Borrower may apply for FHA mortgage:



Chapter 13: 1 year from discharge with one full year
of timely payments made to creditors
Borrowers seeking Consumer Credit
Counseling Services (CCCS) are generally
considered comparable to a Chapter 13.


Chapter 7 & 11: 2 years from discharge
Borrower must have re-established good
credit

Foreclosures &
Deed in Lieu of
Foreclosure: 3 years from release

Short sale: 3 years required if showing on the credit
report as a pre-foreclosure or as a
mortgage settled for less than full amount

Source: COLDWELL BANKER HOME LOANS