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Home Equity loans with a bankruptcy

What lenders will make a home equity loan with a 6 year old bankruptcy? by WMitch1124818 from Santa Cruz, California. Jan 14th 2016 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,727 contributions

Since most HELOC's are in 2nd position, and there are no "conforming" set of guidelines, The rules are very strict and very tight.. But even with that, it's possible you might find someone, but more than likely, only if you have lots of equity.. expect your "Combined Loan to Value" (CLTV) to be capped at 80% or lower.. Try reaching out to your local community banks or credit unions.. typically, those will be your bet bet as most institutional lenders will want to see 7 years or more to qualify.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 NMLS# 226347

Jan 14th 2016
Dan Paladin (dpaladin)
#1 ranked lender in California - 644 contributions

Heloc's as pointed out to not have standard guidelines. It is lender specific and typically tighter than securing a 1st lien. If you would like a referral to a bank that specializes in Heloc's feel free to contact me. 562.254.5616

Jan 14th 2016
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