Odyssey Mortgage Corp. | NMLS# 339582 | 738 E 29th St. Houston, TX 77009 | Call 281.900.3433
Odyssey Mortgage Corp. | NMLS# 339582 | 738 E 29th St. Houston, TX 77009 | Call 281.900.3433
EVENT | FHA | VA | USDA | CONVENTIONAL |
Forgiveness of Debt (Short Sale) | 3 Years | 2 Years | 3 Years | 2 Years: 80% max LTV/CLTV4 Years: 90% max LTV/CLTV7 Years: Per Eligibility Matrix |
Forgiveness of Debt Restructuring (Short Payoff or Modification) | 3 Years | 2 Years | 2 Years: 80% max LTV/CLTV4 Years: 90% max LTV/CLTV7 Years: Per Eligibility Matrix | |
Foreclosure/Pre-Foreclosure | 3 Years | 2 Years | 3 Years | 7 Years |
Deed-In-Lieu of Foreclosure | 3 Years | 2 Years | 3 Years | 2 Years: 80% max LTV/CLTV4 Years: 90% max LTV/CLTV7 Years: Per Eligibility Matrix |
Bankruptcy | Chapter 7: 2 years Chapter 13: Minimum 12 months with satisfactory payout and court approval | Chapter 7: 2 years Chapter 13: Minimum 12 months with satisfactory payout and court approval | Chapter 7: 3 years Chapter 13: Still open or within 12 months requires a credit waiver. | Chapter 7 or 11: 4 Years Chapter 13: 2 years form discharge date or 4 years from dismissal date. |