Is it a first or second mortgage? Second mortgages or HELOC's does not have any waiting period requirements. If it is a first mortgage, then the 3 year waiting period start date on FHA Loans is the date that the deed of the property has been transferred out of your name into the name or the lender and/or someone else that is reflected on public records. It may be the 5/2015 date. Check with public records in the county where the mortgage charge off was recorded and see the date where your name got off the title. That date is the actual start date. Or email us at firstname.lastname@example.org or call us at 262-716-8151 or text us for faster response.