Compare Mortgage Quotes

Guest

I got divorced and had a bank ruptcy and a forclosure I have a good job and no debt with a 650 credit score,my bk was 18 months ago and have since opend just two credit accounts i can put 10% down can I get approved

jameshogg · Posted: Tue Jun 08, 2010 9:44 pm Post subject:

Hi Guest,

What type of bankruptcy did you file for? If you filed for Chapter 13, then you may be able to get a FHA loan as 1 year has passed since your bankruptcy discharge. If you're looking for a conventional loan, then you will have to wait for 2 years. If you'd filed Chapter 7, then you will have to wait for 2 years to get a FHA loan and 4 years to qualify for a conventional loan.

Thanks

netherton · Posted: Fri Jun 18, 2010 2:29 pm Post subject:

If you filed for foreclosure it really does not matter at all what type of bankruptcy you filed as the foreclosure will supercede the BK.

With the foreclosure on your record it will be at least 3 years and probably 4 before you are able to secure a new mortgage in your name.

How long ago did the foreclosure occur?

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1

Compare Mortgage Quotes

home loan