what kind of loan can i get for a house with a bankruptcy?New house after bankruptcy?
First of all, what kind of Bankruptcy? If it's a Chapter 7, yes you can get a loan for a house. Contact me and I can help you!New house after bankruptcy?
As observed by the mortgage broker who responded to your question, you just need to find the right lender. You can also visit my website for tips on rebuilding your credit after bankruptcy.
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It depends on when it was discharged and what kind it was. a Chapter 7 is going to cost you some time and money later. A 13 that was paid on time will rate as a credit history and you can probably buy right now.
Some investors want a year between filing and a new mortgage.
One with a very high interest rate unless you have a lot down.
It could be very different for different people. However, it is possible to get a loan for the full amount of the purchase price. It depends on how bad your score is, and how well your income will help you qualify for the loan. With absolutely shot credit, such as sub-500 FICO, you may not be able to do it at all. However, even with pretty bad scores you can get a loan with just a little down. Maybe 5%, but up to 20 or 30%. I recommend calling a mortgage broker with nearly limitless options on their lender resources. This will ensure that you are getting every chance to get into your new home. Let me know if you have more info for me to go on. I'd be happy to point you in the right direction.
I'm a Mortgage Banker and I get people houses all the time that filed for bankruptcy..believe it or not it depends on you discharge date..also the reason you filed bankruptcy..meaning medical bills..forclosure...things of that nature,.
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