Check if you qualify for a mortgage. Try http http://:www.whywaitbuytoday.com
Yes, it is possible. I had a client that closed in March that had a BK from two and a half years ago. Lenders are looking to see if you have re-established your credit since the BK. Have you had any late payments since your BK. These are all factors that they considered. I would recommend you speak to a few loan officers. No two lenders are the same. Shop and compare!
Make it a Great Day!
Tamika A. Goree
Broker | Owner
The DFW Property Shop
After researching the web I found a loan program at http://www.cfsflex.com, they allow a mortgage after a foreclosure.
There is only a six month waiting period. Good to see lending options coming back.
Best of Luck!
American Financial Network, Inc
The 2 year waiting period is just one guideline that will apply. You also need to have re-established your credit and kept your nose clean since the discharge. This probably means having at least 2 or 3 lines of credit with a 12-24 month history of payments and zero late payments in the last year.
Lenders want to determine if the bankruptcy was due to unfortunate temporary circumstances or a pattern of financial irresposibility. If your credit patterns show irresponsible financial behavior and you haven't corrected this in the months since your discharge then you will probably have a tough time getting a loan, If, however, you've shown the ability to manage your finances and credit since then, you may be able to qualify after 2 years.
Either way, you should get in touch with a lender to see exactly what it would take to get approved.
I can help you with this. Feel free to contact me and we can discuss things specifically.
Loan Officer -NMLS #966417
WCS Lending, LLC
Toll Free: 866.936.5363 ext. 278
Please give me a call 877-877-0380 or drop me an email at Carol@texashomesduo.com. We look forward in serving you with all your Real Estate needs. Thanks