Posted on: 22nd Mar, 2011 06:25 pm
with a chapter 7 bankruptcy in 2005 due to divorce and a 700 credit score now what if any loan options are open to me?
Hi Guest,
Welcome to Mortgage fit,
Surely you have plenty of loan options open to you.you can consult any of the lender available on the board..
http://www.mortgagefit.com/lenders/dir/
Feel free to ask any further query if you have........
DIPA
Welcome to Mortgage fit,
Surely you have plenty of loan options open to you.you can consult any of the lender available on the board..
http://www.mortgagefit.com/lenders/dir/
Feel free to ask any further query if you have........
DIPA
Welcome Guest,
As 4 years are over since your bankruptcy filing was discharged, you will be able to qualify for FHA as well as conventional loans. You should contact the local lenders of your area and apply for a loan. The lender will check your financial situation and let you know whether or not you'll be able to get a loan.
As 4 years are over since your bankruptcy filing was discharged, you will be able to qualify for FHA as well as conventional loans. You should contact the local lenders of your area and apply for a loan. The lender will check your financial situation and let you know whether or not you'll be able to get a loan.
Congratulations on having a good credit score in a reasonably short period after your bankruptcy.
If you did not have a foreclosure as part of your bankruptcy then FHA guidelines have you eligible in as little as two years after a bankruptcy.
The time frame for conventional lenders is more subjective, especially if you're applying for a non-conforming or jumbo loam.
Just as all real estate is local, so is mortgage lending.
Consult a local lender, share all your financial information and let them help you find the right loan program for you and your family.
Good luck!
If you did not have a foreclosure as part of your bankruptcy then FHA guidelines have you eligible in as little as two years after a bankruptcy.
The time frame for conventional lenders is more subjective, especially if you're applying for a non-conforming or jumbo loam.
Just as all real estate is local, so is mortgage lending.
Consult a local lender, share all your financial information and let them help you find the right loan program for you and your family.
Good luck!