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Company Loan Type APR Est. Pmt.

Conventional loan after chapter 7 with large down

Can anyone tell me if the 4 year rule for waiting to get a conventional loan after Ch 7 a set in stone issue, or just a recommendation for getting a favorable rate? What is someone has a large down payment (15-20%), can they apply for conventional loan prior to the four year mark?

sara's picture
sara | Joined: July 5, 2006 03:16 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi greg,

Though you've a large down payment, yet you'll have to wait for 4 years to get a conventional mortgage after chapter 7 bankruptcy. However, you can get an FHA loan after 2 years of the discharge of bankruptcy.

Take care.

Like | Dislike | Share | Posted: Tue, 12/08/2009 - 01:05

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