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how long do you have to wait to get a mortgage loan after a bk?

  • July 07 2010 - Sun City
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Answers (6)

it is still 2 years from the discharge of the chapter 7, but you also need to monitor your credit to make sure nothing was left out of the BK and that you don't have any new lates after the discharge. We have seen this stop many people from refinancing or purchasing. I have helped a lot of my previous clients after chapter 7 and chapter 13 bankruptcies, you are not alone and I can tell you it will get better. Keep your head up

  • July 07 2010
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  • July 07 2010
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It is possible to do it in 2 years with the right hardship letter I would contact a great loan officer and find out teh exact details
  • July 07 2010
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it was a ch7 and yes there was a house in the bk we had 795 and 802 credit scores before we got hit with this and i hope to god we never have to go through this again
  • July 07 2010
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Profile picture for bkquestion
it was a ch7 and yes there was a house in the bk we had 795 and 802 credit scores before we got hit with this and i hope to god we never have to go through this again.
  • July 07 2010
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Did you have a chapter 7 or 13?  If it was ch.13 the important thing is pay history on the BK.  If ch.7 that has been discharged then 3 years from discharge date and reestablished credit in good standing for my company.  If it was ch. 13 you could get a mortgage if you have 12 mos on time pay history.  Also you need some kind of explanation as to why it happened and that its not likely to happen again.  Was a mortgage included with the BK?
  • July 07 2010
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