<human>: I let one of my student loans (~$10k) go into default a couple of years ago before I was able to find a decent job.  I've been working for a couple of years now, and I finally scraped together enough to settle out of it ($5100, yay).  I'm in a position where I can comfortable afford a house payment, but I know I couldn't get approved for a mortgage before the loan settlement; how long should it take for my credit to recover?  Note: All other student loans are in good standing, and my credit cards all have 0 balance with no late payments for 4 years.

Can you condense the text into three sentences or less?
<bot>: defaulted student loan was keeping me from getting a mortgage, so I settled out of it.  How long until I might get approved for a mortgage?