i just filed for a bankruptcy. In how many years i can apply for mortgage?

Asked by Selenab, Wellington, FL Tue Feb 14, 2012

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Wed Feb 15, 2012
Depends on the type of loan you apply for and lots of other conditions. One item like minimum time line is not the only criteria, you must also re-establish credit, have no late payments, etc.
1 vote
Alma Kee, Agent, Tampa, FL
Tue Feb 14, 2012
Try http://www.NACA.com

Also some credit unions will give you mortgage as long as you have verifiable income and can put down 20%. Try GTE Federal Credit Union. http://www.GTEFCU.org

All the best,
1 vote
Beth Saifman…, Agent, Wellington, FL
Thu Mar 8, 2012
Of course, every situation is unique and you should probably speak with an experienced Lender who can personally look into your situation to advise you properly.

I work with some great Mortgage Brokers who are very knowledgeable in bankruptcy and all aspects of the lending process. I would be happy to provide you with names and numbers so you can start the process and see whether or not you can qualify now or find out how long you need to wait.

Please feel free to contact me directly.

Beth Saifman
Keller Williams Realty Wellington
0 votes
Brian Murphy, Home Buyer, West Palm Beach, FL
Wed Feb 15, 2012
Call Kathy Langley group one mortgage
(561) 427-2978. She is excellent!

Brian Murphy
Murphy's Brightway Insurance
Web Reference:  http://murphysbrightway.com
0 votes
marc jablon,…, Agent, Boca Raton, FL
Tue Feb 14, 2012
If you're considering the purchase of a home in Wellington using financing, most lenders indicate a 2 year hiatus until they will consider a mortgage loan. Before you apply for your loan on a Wellington home, you will want to make sure that most of your payments for bills since the bankruptcy are on time and are reported as such to the credit bureaus.

If you've already begun looking at Wellington homes, and you hope to get a mortgage loan in less than two years, you will need a virtually perfect payment history. You will definitely need to have a down payment, and it is possible that you will squeak by with 3 - 5%.

However, if you're really serious about buying a house in Wellington in less than two years, you may want to call a couple of mortgage brokers; they are likely to be current on what is happening in today's wonderful world of real estate financing.

Marc Jablon, The Jablon Team
RE/MAX Complete Solutions
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