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Nevada Post-Forbearance Specialists
Exited forbearance and ready to move forward? Discover your waiting period, credit recovery timeline, and refinance options to lower your rate and payment in Nevada.
Complete repayment plan, deferral, or modification with your servicer
3-12 months of on-time mortgage payments required by most lenders
Forbearance properly reported shouldn't hurt credit – score improves with payments
After waiting period, qualify for better rates and lower payments
Requirements vary by loan program and how you exited forbearance
| Loan Type | Exit Method | Wait Time | Requirements |
|---|---|---|---|
| Conventional | Repayment plan or deferral | 3 months | 3 consecutive on-time payments after exit |
| Conventional | Loan modification | 12 months | 12 months on-time payments, no 30-day lates |
| FHA | Partial claim or deferral | 3 months | 3 consecutive payments, current status |
| FHA | Loan modification | 12 months | 12 months payment history post-modification |
| VA | Repayment plan | 6 months | 6 consecutive payments for VA streamline |
| VA | Loan modification | 12 months | 12 months timely payments with VA approval |
If you exited via repayment plan or deferral (no permanent loan changes), you may refinance after just 3 months of on-time payments with conventional or FHA loans.
Example: Forbearance ended February 2025 with deferred payments. Made on-time payments March, April, May. By June 2025, you qualify to apply for refinancing if credit and income support it.
If you completed a loan modification (permanent changes to loan terms), lenders require 12 months of on-time payments before refinancing. This applies to all loan types.
Why longer? Modifications indicate deeper financial challenges. Lenders need to see sustained payment stability over a full year before extending new credit.
Many Nevada homeowners who entered forbearance in 2020-2021 have successfully refinanced. The critical step is making every payment on time during your 3-12 month waiting period – set up autopay, budget carefully, and avoid any late payments. Nevada's competitive mortgage market offers excellent refinance rates once you meet the requirements.
Rebuild your credit score after forbearance.
Calculate potential savings from refinancing.
Explore FHA, VA, and conventional loans.
See if you qualify to refinance today.
Refinance to a better rate now that you've recovered from forbearance
Refinance from FHA to conventional and eliminate lifetime MIP
Move from 30-year to 15-year mortgage and save on interest
Cash-out refinance to consolidate debt or fund home improvements
Nevada's trusted conventional mortgage lender serving Las Vegas, Henderson, Reno and all of Nevada with competitive rates and expert guidance.
3% down, competitive rates, flexible terms
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fhahomeloans.services →$0 down, no PMI, for veterans & military
vahomeloans.services →$0 down, rural properties, income limits apply
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Valley West Mortgage - NMLS #65506
Nevada Mortgage Lender License
Licensed to conduct business in Nevada
NMLS Consumer Access: www.nmlsconsumeraccess.org
We are an Equal Housing Lender. We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act. This company does not discriminate on the basis of race, color, religion, national origin, sex, marital status, age, or handicap.
This is not a commitment to lend. All loans subject to credit approval. Rates, terms, and conditions are subject to change without notice. Not all applicants will qualify. Additional restrictions may apply. Property insurance required. Flood insurance may be required. This website is for informational purposes only and does not constitute financial advice. Consult with a licensed loan officer for personalized guidance.