Home Buying in Delano>Question Details

Jewels97a, Home Buyer in Delano, CA

can i get a loan if i filed bankruptcy?

Asked by Jewels97a, Delano, CA Sun Dec 16, 2012

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0 votes Thank Flag Link Mon Dec 17, 2012
It depends when you filed bankruptcy and what your finances are now. Please go to a reputable lender in your community and have someone pull your credit and run a mortgage application for you.
0 votes Thank Flag Link Mon Dec 17, 2012
Hi Jewels:
Which BK did you file?
As stated below, with one year of good payment history on a Chapter 13, you can qualify for an FHA loan.

With a Chapter 7 Bk, you may qualify to buy FHA after 2 years from the date of discharge. Keep in mind that subsequential credit history MUST be clean, clean, clean. Any late payments after the discharge date will push you another 12 months away from qualification.
0 votes Thank Flag Link Mon Dec 17, 2012
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