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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Here is a great article on what you are looking for...
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
Yes, you can quaifly to buy after one year if good payment history of a Chapter 13. If you had a Chapter 7, you can buy one day after 2 years from the discharge date.

I specialize in Under 640 Fico Scores Loans and offer credit repair at no cost to raise fico scores to qualify. Of course if you are before the above timeframes you may want to wait until a few months before the date to check your credit reports to see if there is any work that needs to be done to be able to obtain financing.

You may qualify for USDA Rural zero down with a minimum 620 fico score or CHF Access half percent down payment program with a minimum 580 fico score. Here are some links to study.

http://www.under640ficoscoreloans.com/Pages/HalfPercentDown.aspx

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Real Estate Broker – Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
20+ Years Experience
DRE# 01140252
NMLS# 297251
760-486-4225
0 votes Thank Flag Link Sun Dec 16, 2012
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