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Forums in ' Bankruptcy Topics'
  Forum Threads Posts Last Post
General Bankruptcy Questions and Answers
There are two types of consumer bankruptcies. Chapter 7 Bankruptcy and Chapter 13 Bankruptcy. You can qualify for a FHA Loan two years after a Chapter 7 Bankruptcy discharge date. You can qualify for a FHA Loan one year into a Chapter 13 Bankruptcy Repayment Plan. There is no waiting period to qualify for a FHA Loan after a Chapter 13 Bankruptcy discharged date. There is a four year waiting period to qualify for a Conventional Loan after a Chapter 7 Bankruptcy discharged date. There is a two year waiting period to qualify for a Conventional Loan after a Chapter 13 Bankruptcy discharged date.
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5 Things Not To Do When F...
by Gus
03-13-2016, 06:02 PM
Re-establishing Credit After Bankruptcy
Re-Establishing credit after a bankruptcy is extremely important. Most lenders will not approve a borrower if they have any late payments after a bankruptcy. We will cover the importance on how any late payments will be a disqualification after a bankruptcy and the importance of re-establishing credit after bankruptcy on this thread.
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Bankruptcy Alternatives
by Gus
04-19-2015, 09:46 PM
Mortgage After Bankruptcy
There is life after bankruptcy. However, there are waiting periods that you need to meet to qualify for loan programs after bankruptcy. If you have a mortgage part of your Chapter 7 Bankruptcy, there is a four year waiting period to qualify for a conventional loan from the discharged date of your Chapter 7 Bankruptcy discharged date even though your foreclosure was recorded after the discharged date of your Chapter 7 Bankruptcy. You can qualify for a FHA Loan, VA Loan, and USDA Loan two years after a Chapter 7 Bankruptcy discharged date. You can qualify for a Conventional Loan four years after a Chapter 7 Bankruptcy discharged date. Most Jumbo Lenders require a 7 year waiting period after a Chapter 7 Bankruptcy discharged date. There are NON-QM Loans where there is no waiting period after a Chapter 7 Bankruptcy discharged date. Please post your questions on this thread and a member of The Gustan Cho Team at CrossCountry Mortgage will get you an answer.
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Mortgage Part Of Bankrupt...
by MSY65
Yesterday, 10:33 PM


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