ENTERING ORBIT…
ENTERING ORBIT…
Programs for borrowers with a bankruptcy, foreclosure, short sale, or deed-in-lieu in the recent past — where agency wants 4–7 years and Non-QM asks for as little as one day post-discharge.
MEMBERS GET ANSWERS FROM REAL INVESTOR GUIDELINES — WITH CITATIONS
The orbit briefing
Agency seasoning rules treat a 2022 Chapter 7 like a permanent tattoo. Non-QM treats it like what it is: an event with a date, a cause, and a recovery arc. Programs exist at one day out of bankruptcy (with equity and rate to match), and the terms improve every year of distance.
The craft is matching the event to the matrix: each investor grids event type × months since × LTV × FICO differently. A 30-month-old short sale might be fully seasoned at one shop and a 10% LTV haircut at another — this is the Scenario Desk's home turf.
How seasoning matrices work
Each event type has its own clock: BK7 from discharge, BK13 from filing or discharge (investor-specific), foreclosure from completion date.
Seasoning buckets (0–12, 12–24, 24–36, 36–48 months) map to max LTV and pricing adjustments.
Recent events demand compensating factors: lower LTV, more reserves, clean housing history since.
A written letter of explanation with documentation (the event, the cause, the recovery) is standard.
Typical guardrails
Educational ranges across the market — every investor grids this differently.
| MIN SEASONING | 0 – 24 months | Day-one-out programs exist at reduced LTV |
| MAX LTV | 55 – 80% | Scales directly with months since event |
| MIN FICO | 580 – 660 | Rebuilt tradelines since the event carry real weight |
| HOUSING HISTORY | 0x30 since event | The single strongest compensating factor |
| CH. 13 | In-plan options exist | Some programs lend during the plan with trustee approval |
EXACT NUMBERS LIVE ON THE SCENARIO DESK — CITED TO THE GUIDELINE PAGE
Straight answers
Programs exist from one day post-discharge, typically at 55–65% LTV with strong compensating factors. Terms step up meaningfully at 12 and 24 months.
Yes — a documented one-time event (medical, divorce, business closure) with clean credit since reads far better than chronic delinquency.
Some investors lend in-plan with 12+ months of on-time trustee payments and court approval. It's niche but real.