Posted on: 24th Nov, 2010 05:06 am
Need info on getting new mortgage after BK discharged over 2 yrs ago.
Welcome Guest,
If you had filed Chapter 7 bankruptcy and got it discharged 2 years back, then you will be able to get a FHA loan now. However, in order to qualify for a conventional loan, you'll have to wait for 2 more years.
If you file Chapter 13 bankruptcy, then you will be able to to get a FHA loan as well as a conventional loan after 2 years of discharge.
If you had filed Chapter 7 bankruptcy and got it discharged 2 years back, then you will be able to get a FHA loan now. However, in order to qualify for a conventional loan, you'll have to wait for 2 more years.
If you file Chapter 13 bankruptcy, then you will be able to to get a FHA loan as well as a conventional loan after 2 years of discharge.