How hard is it to get a morgage loan after filing Chapter 7 bankruptcy?

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How hard is it to get a morgage loan after filing Chapter 7 bankruptcy?

2006-12-08 07:38:39 · 3 answers · asked by aleiah126 1 in Business & Finance ➔ Personal Finance

3 answers

It depends how long after your bankruptcy. Different lenders have different rules.

It's definitly harder than prior to your bankruptcy. If you clean up your credit, have a good job, and can make a decent down payment, you should be able to get a mortgage after 12 to 24 months.

2006-12-08 07:42:55 · answer #1 · answered by MR MONEY 3 · 0⤊ 0⤋

It is possible to get 100% financing 12 months after discharge of chapter 7 if you have a high enough fico score. Also, the type of loan and loan to value amount is dependent on what type of income you are able to verify.

2006-12-08 08:12:07 · answer #2 · answered by lori_horton65 1 · 0⤊ 0⤋

Talk to whoever you filed with ...say a lawyer

2006-12-08 07:51:44 · answer #3 · answered by biteme 2 · 0⤊ 0⤋