Offices in Freehold & Morganville NJ | 
Summary — All Waiting Period Requirements
The following table summarizes the waiting period requirements for all significant derogatory credit events.
| Derogatory Event | Waiting Period Requirements | Waiting Period with Extenuating Circumstances |
| Bankruptcy — Chapter 7 or 11 | 4 years | 2 years |
| Bankruptcy — Chapter 13 | 2 years from discharge date
4 years from dismissal date |
2 years from discharge date
2 years from dismissal date |
| Multiple Bankruptcy Filings | 5 years if more than one filing within the past 7 years | 3 years from the most recent discharge or dismissal date |
| Foreclosure | 7 years | 3 years
Additional requirements after 3 years up to 7 years:· 90% maximum LTV ratios2 · Purchase, principal residence · Limited cash-out refinance, all occupancy types |
| Deed-in-Lieu of Foreclosure, Preforeclosure Sale, or Charge-Off of Mortgage Account | 4 years | 2 years |