How long after a bankruptcy can you get a mortgage at a norm

Hi Buster,

You generally have to wait for at least 2 years to qualify for an FHA home loan after a bankruptcy discharge. For conventional loans, you need to wait for at least 3-4 years. However, it is also very important to work on your credit to qualify for the mortgage. If you cannot improve your credit scores after the bankruptcy discharge, you will have to wait for a longer period of time to get approved for a home loan.

I Want A House Lord

I am currently in Chapter 13. My mortage is paid through bankrupcy court.
I have been in bankrupcy since August of 07. Can I get a personal loan and where?

To Madison,

Lenders would not want to offer you a loan until you are discharged from bankruptcy. If you have been making payments on time under the Chapter 13 plan, some lenders may still consider offering you a personal loan, subject to your current credit scores and the amount of the loan. But most probably you will have to wait till you get discharged from bankruptcy.

my chapter 13 discharged has been a little over 2 years, but was late on two students loan, up to date now. Trying to get a home loan, what are my chances?

hi glenn,

as 2 years have already passed since your chapter 13 bankruptcy filing was discharged, you'll be able to get a mortgage. you should contact the local lenders and start applying for a loan.

thanks

is it 1 or 2 years after i file chapter 7 before i can modify my home loan

hi rosie,

you will have to wait for 1-2 years in order to qualify for a modification after a chapter 7 bankruptcy discharge.

thanks