Is it a Ch7 or Ch13? What month/year was it discharged or dismissed?

Chap 7 and it was dismissed in Feb 2010, sorry, I know I said I filed in February but I meant it was dismissed in February 2010. Not 100% sure on the credit score, It could have been 540....I honestly can't remember and was surprised to get the auto loan at what I thought was a resonable rate due to the bankruptcy.thanks!

I assume that your loan is an FHA loan, If so, FHA will insure mortgages to individuals who have filed Chapter 7 liquidation bankruptcy two years after the discharge if the borrower has re-established good credit, and has demonstrated an ability to reestablish credit. FHA will also require a min FICO score of a 640 with 3% equity in the property upon the time of refinance, so I wolud suggest that this is the area you focus on until the two year period is up. Good luck to you.

It is not a mistake. When you file bankruptcy, your home loan stops reporting to the credit bureau. Contact a local non-bank LICENSED Loan Officer. Let them review your situation and qualifications. Your credit score and how recent the bankruptcy was is going to make things difficult if not impossible for the short-term.

we are america's second chance lending company and we approved all loans wirhin 24 to 72 hours and from what i've seen so far you do qualify for a refi loan with and interest rate of 2.9% locked in for the life of the loan if you are interested please log onto our website at www.waklimifinancialgroupllc.com and simply fillout the form on the contact us page and an loan agent will be with you with 24 hours thank you

I was just in your area over the weekend, well I was in Richmond. I am from there and was visiting my Aunt in the hospital. Anyway, it sounds like you might be able to qualify. You need to find a mortgage broker that can go down to a 540 credit score. I can but not in KY. All the best! Michelle Dema 201-962-3555

Hi, not going to be easy but possible, you will need to find a mortgage broker that can go down to a 540 credit score, and do loans in KY. Good luck

Hey Berea.. you have a complicated situation, and information is missing to properly answer your question.. If you have an FHA loan, there are lenders out there that will go as low as 500 credit scores. The guidelines are very stringent, however there is a loan product for you... if you have a conventional loan, you will have to wait till your scores improve... Best advice I can give you is to contact a local mortgage broker, not a bank and apply with them... they can look at your complete profile and all your paperwork and guide you to the right lender for your particular scenario.. WilliamAcres.com

With a fairly new credit card and a new auto loan, your score should be building for you. You must first get past the two year mark for you to be FHA eligible. Have you looked at your credit report lately? Many times the reasons scores stay low after a BK is too many items are still being reported incorrectly. Contact a local mortgage Banker/broker. They will help you determine what you need to do quickly to get your scores where they need to be to qualify. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

Thank you all for the great information. I currently have a Freddie Mac loan, not a FHA.Since I just obtained these two new loans, Would it be safe to say check again in about 6 months?And I just checked my paperwork and it was 577 and that was about 3 weeks ago.