Use the Fannie Mae HomeReady, Freddie Mac HomePossible, or HomeOne Loan to Achieve Your Dream of Homeownership
With Millennial Home Loans quick online loan application, determining if you qualify for a Conventional Low Down Payment Loan and for how much, has never been easier.Get Started!
Not ready to apply online? No problem. Answer a few questions, and a Conventional Low Down Payment Loan Mortgage Expert will call you back.Request a Call Back
|Conventional Loan Type||BK – Chapter 7||BK – Chapter 13 Discharged||BK – Chapter 13 Dismissal||Foreclosure*||Short Sale, Deed-In-Lieu, Pre-Foreclosure||Modified Mortgage|
|Standard||4 years||2 years||4 years||7 years||4 years||2 years|
|With Extenuating Circumstance||2 years||2 years||5 years||3 years (requires 10% down)||2 years||No waiting period|
* If a property was included AND surrendered (i.e. property wasn’t retained and the debt wasn’t reaffirmed) in a Chapter 7 Bankruptcy, the borrower may potentially be able to defer to the Chapter 7 waiting period Vs. the Foreclosure waiting period.