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Mortgage Community Forums | Mortgage Problems and Solutions | When can I get another mortgage after filing chp. 7 bankruptcy?

When can I get another mortgage after filing chp. 7 bankruptcy?

Posted on: 19th Nov, 2009 11:08 am
We tried to save our house several times and nothing worked. We ended up surrendering the house in Ch. 7 bankruptcty. When can we get another mortgage loan? Some people say 1, 2, or 3 years. I know it stays on our record for a long time....
Hi krasae,

Chapter 7 will stay in your credit report for the next 10 years. However, you would be able to qualify for a FHA loan 2 years after the discharge of Chapter 7. For conventional loans, you'll have to wait for 4 years after the discharge.

Thanks
jameshogg
Posted on: 19th Nov, 2009 06:38 pm
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