Licensed in the State of Florida

Licensed in the State of New Jersey


FHA after foreclosure

FHA after foreclosure


A borrower whose previous residence or other real property was foreclosed on or has given a deed-in-lieu of foreclosure within the previous three years is generally not eligible.

Foreclosure must have been resolved for at least 3 years with no late payments since the date of resolution. 

Seasoning requirements

  • Government loan: Seasoning is determined by the date the claim was paid
  • Loans other than Government: Seasoning is determined by the date of sale the lender sold the property

FHA after foreclosure Extenuating circumstances

New FHA loan requirements borrowers may also be eligible for an FHA insured loan on a purchase transaction after 12 months from the completion, discharge, trustee's sale if the borrower meets the requirements for extenuating circumstances Economic Event.

Borrowers with a prior bankruptcy, foreclosure, deed-in-lieu, or short sale may be eligible for an FHA insured loan if the bankruptcy, foreclosure, deed-in-lieu, short sale was the result of a documented extenuating circumstance.

Credit score

January 20, 2010 - New FHA announced a policy change to address risk and strengthen finances. FHA has changed the minimum credit score for new borrowers:

  • FHA requirements new borrowers will now be required to have a minimum credit score of 580 to qualify for 3.5% down payment
  • FHA loan requirements new borrowers with less than a 580 credit score will be required to put down at least 10%
  • This allows the FHA to better balance its risk and continue to provide access for those borrowers who have historically performed well

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FHA purchase FHA refinance FHA 203k loan FHA cash out $100 down loan

FHA loan requirements - ‎FHA loan limits - ‎FHA loans - ‎FHA Streamline


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Minimum credit score needed

to buy a house or refinance


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FHA Loans

requires a minimum credit score of 500 to buy a home or refinance

500 credit score

VA Loans

requires a minimum credit score of 500 to buy a home or refinance

500 credit score

Fannie Mae

requires a minimum credit score of 620 to buy a home or refinance

620 credit score

USDA Loans

requires a minimum credit score of 580 to buy a home or refinance

580 credit score


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888-958-5382


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