1. For a conventional loan, 3 months of payments after exit are needed for:
• Deferral or partial claim
• Exited without loss mitigation
• Loan Mod
• Repayment Plan, Short Sale, deed in lieu of

2. For a conventional loan no waiting is needed for:
• Continued monthly payments
• Reinstatement
• Paid through refi or sale

3. For an FHA purchase or rate/ term refinance loan 3 months of payments after exit are needed for:
• Deferral or partial claim
• Exited without loss mitigation
• Loan Mod
• Repayment Plan, Short Sale, deed in lieu of

4. For an FHA cash out refinance loan 12 months of payments after exit prior to case number assignment are needed for:
• Deferral or partial claim
• Exited without loss mitigation
• Loan Mod
• Repayment Plan, Short Sale, deed in lieu of

5. For any FHA loan no waiting is needed for:
a. Continued monthly payments
b. Reinstatement
c. Paid through refi or sale

Always feel free to contact me directly with any questions!

by Andrew Augustyniak, Peoples Mortgage