how long after bankrupcy can you apply for a loan have already repair my credit by renting and buying a new carand got some new credit cards?

Asked by negraa727, Clearwater, FL Thu Mar 28, 2013

Help the community by answering this question:

+ web reference
Web reference:

Answers

1
Jordan Bette…, Mortgage Broker Or Lender, Turlock, CA
Fri Mar 29, 2013
BK Ch 7 or 11 - FHA is 2 yrs or 1 w/ extenuating circumstance. Conventional is 4 years or 2 w/ extenuating circumstance. VA generally follows the same as FHA.

BK Ch 13 - 1 year w/ 12 month satisfactory payments to trustee. Must have court permission to incur new debt. If not fully discharged 2 years. Must be manually UW. Conventional is 2 years from discharge date, 4 years from dismissal date.

Extenuating Circumstances are generally medical event, not typically divorce.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more