Shilo Zitting in Salt Lake City | USDA Home Loan Waiting Periods After Foreclosure
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USDA Home Loan waiting periods after foreclosure

USDA Home Loan Waiting Periods After Foreclosure

USDA Home Loan Waiting Periods After Foreclosure

The great thing to know about USDA Home Loans is that even if you’ve gone through some financial issues in the past is that there is no down payment required and closing costs can be covered by the seller.   The details about USDA Home Loan waiting periods after foreclosure are explained below.

Meeting the following requirements will allow you to purchase a new or owner occupied property after your foreclosure.

  • Have a credit score above 620
  • Documentation of why you ended up in foreclosure
  • Waiting period of three years from the date of the foreclosure
  • Re-establish credit


Keep in mind that if your mortgage was included in a bankruptcy then the waiting period for USDA home loan waiting period is based on the start date of the discharge of the bankruptcy.

 “…if the foreclosure of the borrower’s main residence was the result of extenuating circumstances, an exception may be granted if they have since established good credit.”        

Keep in mind that each lender does not have to follow FHA guidelines set by FHA.   Each lender can have their own requirements such as a minimum credit score of 600 or no late payments in the last 12 months.    It is good to know the FHA requirements for these types of loans after a foreclosure and that the waiting periods after foreclosure differ from those set forth by Fannie Mae and Freddie Mac.  

If you have any questions regarding USDA home loan waiting periods after foreclosure or any other questions for that matter, don’t hesitate to contact us at 801-550-1796 or

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