It's not professional to bash other professionals on here. If you have a question about our loan program please feel free to give me a call. As the OWNER of both a real estate and mortgage company I'm pretty sure I know what OUR guidelines are, and the guidelines that I stated before are accurate for what our company can offer.
Have a great day!
Diane Wheatley with Move Up Properties and Craig Chastain gave you great information. Its always best to contact a lender and avoid credit repair scams that charge and promise to remove BK, Collections...etc.
Sharonne Chiu -Office Manager
Move Up Properties
For Chapter 7 Bankruptcy here's a quick look at the waiting periods:
Chapter 7 - FHA Loan: 2 Years
Chapter 7 - VA Loan: 2 Years
Chapter 7 or 11: 4 years
If I can assist you in any way, please don't hesitate to either email me at firstname.lastname@example.org or call me direct at 909-200-9280. Thank you.
Real Estate Broker/RealtorÂ®
DAY CREEK REALTY
Direct: (909) 200-9280
It should not be difficult to find a professional to work with you and if you get a feeling that an individual is not tending to your needs, questions or ideas, then move on to an agent eager to walk you through.
Contact me anytime. I would enjoy the opportunity to assist you in any way that I can. Have a great day!
Diane Wheatley, Broker
Check out properties online at
Disregard the first answer you received.
You may repurchase after Chapter 7 with FHA if at least two years have elapsed since the date of the discharge of the bankruptcy. During this time, the borrower must have;
â€¢ re-established good credit, or
â€¢ chosen not to incur new credit obligations. An elapsed period of less than two years, but not less than 12 months, may be acceptable for an FHA-insured mortgage, if the borrower
â€¢ can show that the bankruptcy was caused by extenuating circumstances beyond his/her control, and
â€¢ has since exhibited a documented ability to manage his/her financial affairs in a responsible manner.
You may repurchase with conventional, conforming financing after four-years, measured from the discharge or dismissal date of the bankruptcy action. A two-year waiting period is permitted if extenuating circumstances can be documented, and is measured from the discharge or dismissal date of the bankruptcy action.
Just make sure you are getting advice and accurate information from a licensed loan officer and not an agent.
2 years for an FHA loan or 3 years for a conventional loan.
I would be more than happy to work with you! :)
If you have any further questions please feel free to give me a call.
Next Level Realty