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If I can remove bankruptcy from credit report, will I qualify for mortgage?
#1
If you have a prior bankruptcy, there is a mandatory two year waiting period to qualify for a FHA loan. There is a four year waiting period after bankruptcy to qualify for a conventional loan. Many folks think that just because you got your bankruptcy removed from your credit report that the mandatory waiting period does not apply to them. This is not true. When you complete your four page 1003, mortgage application, you need to complete the disclosures where there are questions concerning whether or not you have filed bankruptcy. If you have marked NO because you got your bankruptcy deleted off your credit report due to credit repair, you have just committed mortgage fraud. You cannot lie on your mortgage application. Even if you have removed your bankruptcy off your credit report through credit repair, you need to answer the questions listed on your mortgage application honestly.

 
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