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Bankruptcy

jameshogg

Posted on: 03rd Jan, 2010 09:49 am

i reside in tn and recently had a discharged chapter 7 bankruptcy. how long should i wait to apply for a home loan?

Total Reply : 2

Hi lc_scruggs,

You will have to wait for 2 years in order to get a FHA loan after filing Chapter 7. For conventional loans, you need to wait for 4 years after your bankruptcy discharge.

Thanks

jameshogg

Posted on: 03rd Jan, 2010 08:36 pm

Hi,

You must have to wait 2 year from discharging from chapter 7 bankruptcy. There no any doubt about your credit score has damaged by bankruptcy, Try to rebuild your credit score & bring it up to maximum as you can. It will be help full for you.

Thanks & Regards.
gunz.ijjistaff

gunz.ijjistaff

Posted on: 04th Jan, 2010 05:34 am

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