Derogatory on your credit? Can you buy?

We have often been asked by buyers who have a bankruptcy, short sale or foreclosure on their credit report how long they need to wait until they can purchase again.  Summit Lending sent us this handy chart which shows what the waiting periods are for all types of loans and situations.  If you have a derogatory on your credit report, click here, to find out how long you will need to wait to purchase a home again.

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