Posted on: 11th May, 2009 12:37 pm
Can you get a trailor home mortgage with a bankruptcy. The people have the down payment...My brother and his wife filed bankruptcy late last year and have a down payment for a trailor home. Are there any mortgage companies that would offer them a mortgage?
hi dtillson,
what type of bankruptcy did your brother file? if your brother had filed chapter 13 bankruptcy, then he can get a fha loan 1 year after the bankruptcy discharge. for conventional loans, he will have to wait for 2 years.
if he had filed chapter 7 bankruptcy, then he will have to wait for 2 years to get fha loan and 4 years to get a conventional loan.
thanks
what type of bankruptcy did your brother file? if your brother had filed chapter 13 bankruptcy, then he can get a fha loan 1 year after the bankruptcy discharge. for conventional loans, he will have to wait for 2 years.
if he had filed chapter 7 bankruptcy, then he will have to wait for 2 years to get fha loan and 4 years to get a conventional loan.
thanks