2006-06-13 12:12:00 · 4 answers · asked by anglero98 1 in Business & Finance ➔ Credit
Yes, there are Mortgage Programs for 1 day out of bankruptcy. You have to find a good Mortgage Brokerage Office and they can help you with this.
2006-06-13 12:18:36 · answer #1 · answered by metrot72 1 · 0⤊ 0⤋
When you declared Bankruptcy is an issue. Many lenders will look past the bankruptcy if it happened some time ago and your more recent credit history is good. Your FICO credit score is very important. There are ways to improve your credit score and companies that help you do that. As a vague rule you should have a two year span of good credit after a bankruptcy to buy a house at an okay rate. The less time or lower credit score the more you will pay in interest rates and closing costs.
2006-06-13 12:19:51 · answer #2 · answered by Victor C 1 · 0⤊ 0⤋
click on my pic to the left
there is a bad credit link there on my profile which has this text
"We have over 80 Little-known Banks & Companies that offer Bad Credit Loans, Bad Credit Home Loans, Bad Credit Auto Loans, and Bad Credit Personal loans to people with Bad Credit or even a Bankruptcy. Many require absolutely NO COLLATERAL & NO CO-SIGNERS. Home ownership is not required"
2006-06-13 12:27:45 · answer #3 · answered by umdanddvd 3 · 0⤊ 0⤋
If you make a large enough down payment, they won't even check your credit. But that down payment may be somethink like 30-40% of the selling price.
2006-06-13 12:16:39 · answer #4 · answered by Larry 6 · 0⤊ 0⤋