Replies (13)
- Brandi Callum, "Brandi.Callum"
- Contributions:69
What city are you in?
- Marcello Isaac
- Contributions:1
not sufficient information, you need to elaborate
- Randy Hooker, "GoingForIt"
- Contributions:395
Assuming you are in the greater Phoenix area, I would highly recommend contacting Jeremy House, Prime Lending [Contact info removed by Zillow moderator] Tell Jeremy I referred you to him.
All the best!
All the best!
- Randy Garrett, "Ga Mortgage Broker"
- Contributions:13
FYI: Post Bkrptcy guidelines... FOR FHA FINANCING
FHA: Chptr 7 - does not auto disqualify obtaining mortg. At least 2 years must lapse since discharge. Borrower must have reestablished good credit or chosen not to incur new cr obligations during this time. Comes down then to lender/underwriter discretion/requirements.
FHA: Chptr 13 - does not auto disqualify obtaining mortg. One yr of the payout must have lapsed under the bkrptcy & all pmts have been made satisfactorily & on time. Borr must receive written permission frm the court to enter into the mortg transction.
FHA: above is in addition to meeting FHA minimum cr scores.
good luck
FHA: Chptr 7 - does not auto disqualify obtaining mortg. At least 2 years must lapse since discharge. Borrower must have reestablished good credit or chosen not to incur new cr obligations during this time. Comes down then to lender/underwriter discretion/requirements.
FHA: Chptr 13 - does not auto disqualify obtaining mortg. One yr of the payout must have lapsed under the bkrptcy & all pmts have been made satisfactorily & on time. Borr must receive written permission frm the court to enter into the mortg transction.
FHA: above is in addition to meeting FHA minimum cr scores.
good luck
- Jeff Masich, "Arizona Homes Land"
- Contributions:547
Dear Re:
Try Mimi Kelly, Branch Manager of Fairway Independent Mortgage in Chandler. She can get mortgages approved that others cannot.
[Contact info removed by Zillow moderator]
Jeff Masich
HomeSmart
Scottsdale
Try Mimi Kelly, Branch Manager of Fairway Independent Mortgage in Chandler. She can get mortgages approved that others cannot.
[Contact info removed by Zillow moderator]
Jeff Masich
HomeSmart
Scottsdale
- Randy Garrett, "Ga Mortgage Broker"
- Contributions:13
FYI: Post Bkrptcy guidelines... FOR AGENCY (fnma/freddie) FINANCING
All Bkrptcies except Chptr 13 - minimum 48 months from discharge or dismissal date.
Chptr 13 Bkprtcy - minimum 24 months form discharge date or 48 months from dismissal date.
A Foreclosure trumps the bkrptcy requirements - 60 months from foreclosure completion date.
A "deed-in-lieu" trumps also - 84 months
Short Sale or Pre-foreclosure - 48 months or more since completion
Must meet all agency's standard requirements of dti, ltv, reserves, etc..
I'd interview multiple originators & pick the most knowedgeable more so than the one that appears the most economical. Good luck
All Bkrptcies except Chptr 13 - minimum 48 months from discharge or dismissal date.
Chptr 13 Bkprtcy - minimum 24 months form discharge date or 48 months from dismissal date.
A Foreclosure trumps the bkrptcy requirements - 60 months from foreclosure completion date.
A "deed-in-lieu" trumps also - 84 months
Short Sale or Pre-foreclosure - 48 months or more since completion
Must meet all agency's standard requirements of dti, ltv, reserves, etc..
I'd interview multiple originators & pick the most knowedgeable more so than the one that appears the most economical. Good luck
- Spencer Valerio, "SV Home Loans"
- Contributions:27
If you have at least 3 trade lines after the bankruptcy all paid on time and a credit score of 640 or greater you may be elligible for financing. Did you include a home in your bankruptcy? If so you will need to wait another 12 months.
- Thomas Osterman, "Thomas Osterman"
- Contributions:183
Call Tom Miner at Pinnacle Capital [Contact info removed by Zillow moderator]. He's excellent.
- Chris Moore, "TheVAloanguy"
- Contributions:21
Are you a veteran ? If so, you may qualify now.
- RedeemerInc
- Contributions:4
Thanks for all your input. If I included 6 homes in the BK is that an additional 12 months to the 2 year window?
- wetdawgs
- Contributions:39658
Help us understand what the six homes are.
- Randy Hooker, "GoingForIt"
- Contributions:395
Now you're just toying with us, right Eric?
This is a public real estate forum, not a legal advisory.
If you BK'd out of of 6 residential properties, then my best guess is that you plenty of legal counsel.
Perhaps another consultation with your attorney would afford you the proper answer. If not, then take the advice of several of us >>> consult with a local, experienced mortgage lender.
This is a public real estate forum, not a legal advisory.
If you BK'd out of of 6 residential properties, then my best guess is that you plenty of legal counsel.
Perhaps another consultation with your attorney would afford you the proper answer. If not, then take the advice of several of us >>> consult with a local, experienced mortgage lender.
- Michael Pickett, "Occasio Realty"
- Contributions:91
Occasio Realty would be more than willing to help guide you to the proper loan officer for your situation.
Post Bankruptcy home mortgage qualification
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.