i have bankruptcy chapter 7 and a forclosure house 2 yrs ago..am I qualified to buy a house. i can put down 10% downpayment?

Asked by Malou, Lathrop, CA Tue Feb 14, 2012

Help the community by answering this question:

+ web reference
Web reference:


Robert Chomentowski’s answer
Robert Chome…, , San Diego, CA
Wed Feb 15, 2012
You need a min of 3 years after the deed to the property foreclosed transferred out of your name to get a FHA loan. Conventional loan you need 7 years. Send me an email if you would like me to look this date up for you.
0 votes
Roy Bush, Both Buyer And Seller, Phoenix, AZ
Sat Jun 29, 2013
I had a buyer that wanted to buy a home in Arizona, but he had a Chapter 7 bankruptcy 7 months ago. After researching the web I found a loan program at http://www.cfsflex.com, they allow a
mortgage after a foreclosure, short sale, or bankruptcy. There is only a six month waiting period. Good to see lending options coming back.
0 votes
Taj Weldon, Agent, Tracy, CA
Wed Feb 15, 2012
Hi Malou,
Chapter 7 bankruptcy filers are eligible for a home purchase 2 years after the discharge date.Foreclosures will usually delay a new purchase for 3 years.There are other factors to consider so a lender should definitely be contacted. I use an awesome lender that gets the job done.Let me know if you would like his contact info.Hope this helps.

Taj Weldon
209 740 4176
Real Estate Agent
DRE 01816152
0 votes
Rocky G.H. H…, Agent, Ripon, CA
Wed Feb 15, 2012
You should ask a lender. There are several programs available.

If you need a great one, let me know.

Best regards,


Rocky G.H. Hawrysz,
Prudential California Realty
(209) 444-6610 – Direct | Rocky@PruCalifornia.com | http://www.TeamHawrysz.com | License No. 01468373 
0 votes
Search Advice
Ask our community a question
Home Buying in Lathrop Zip Codes

Email me when…

Learn more