Title: Getting Approved for a Mortgage in Kentucky
Subtitle: Overcoming Bankruptcy or Foreclosure to Buy a Home

Slide 2: FHA Loans - Flexible for Past Credit Issues
Foreclosure: 1–3 years from case assignment date.
Short Sale/Deed-in-Lieu: 0–3 years.
Chapter 7 Bankruptcy: 1–2 years from discharge.
Chapter 13 Bankruptcy: 1–2 years from case assignment date.
Key Benefit: Ideal for lower credit scores and flexible requirements.
Slide 3: VA Loans - For Veterans
Foreclosure: 2 years (<$424,100), 7 years (>$424,100).
Short Sale/Deed-in-Lieu: Same as foreclosure.
Chapter 7 Bankruptcy: 2 years (<$424,100), 7 years (>$424,100).
Chapter 13 Bankruptcy: 1 year if repayment period has elapsed.
Key Benefit: No down payment and competitive terms.
Slide 4: USDA Loans - For Rural Homes
Foreclosure: 3 years from completion date.
Short Sale/Deed-in-Lieu: 3 years.
Chapter 7 Bankruptcy: 3 years from discharge.
Chapter 13 Bankruptcy: 1 year if repayment period has elapsed.
Key Benefit: No down payment required; ideal for rural buyers.
Slide 5: Conventional Loans - Stricter Guidelines
Foreclosure: 7 years from completion date.
Short Sale/Deed-in-Lieu: 4 years.
Chapter 7 Bankruptcy: 4 years from discharge.
Chapter 13 Bankruptcy: 2 years (discharge), 4 years (dismissal).
Key Benefit: Best for higher credit scores and larger down payments.