Posted on: 04th Oct, 2013 01:12 am
How soon after foreclosure and chapter 13 bankruptcy filing can you get a loan or can I even qualify for one?
After a chapter 13 bankruptcy discharge, normally you may qualify for a loan after 1 year. However, if there is a foreclosure mentioned in your credit report, then you will have to wait for 2-3 years.
In addition to the above, you'll also need to show good credit and steady employment history that is not less than 2 years old to qualify for a normal mortgage loan.