Forgotten Your Password?

Need to Register?

Question Icon

How long to qualify 4 VA loan after chapter 7?

Filed for bankruptcy in January 2013. My finances have been improving ever since. Crdit is still low, FICO 670 by archerv7963508 from Evington, Virginia. Jan 27th 2015 Reply


Dave Metsker (DaveMetsker)
#38 ranked lender in Oregon - 2,317 contributions

Two to 3 years after discharge.

Jan 27th 2015
1
0
William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,795 contributions

If you filed chapter 7, then VA requires a 2 year waiting period.. 1 year with extenuating circumstances.. so you can apply now since you're already at the 2 year mark.. 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 WilliamAcres.com

Jan 27th 2015
1
0
Ernesto Marez (Ernesto)
#69 ranked lender in Maryland - 137 contributions

there is a 2 year waiting period for a Chapter BK 7 , 1 year for a Chapter BK 11 licensed in all 50 statesI work in the DC.VA, MD areas & can get you qualified for a VA loan now.Ernesto Marezemarez@thefederalsavingsbank.com.301-535-2912

Jan 27th 2015
0
0
George Omilan (gomilan)
#71 ranked lender in Virginia - 11 contributions

For VA loans a Chapter 7 bankruptcy may be disregarded if discharged more than 2 years ago provided the Automated Underwriting System (AUS) results are positive with Approve/Accept.

Jan 27th 2015
0
0
Linda Wintersteen (Linda123)
#64 ranked lender in Arizona - 1,250 contributions

2 years from the discharged date .. not when the bk was closed , when the judge signs the order fora discharge and a dismiss. and the trustee has up to 6 months to refile if they see the need to

Jan 27th 2015
0
0
Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#29 ranked lender in New York - 2,236 contributions

2 years as long as you re-establish your credit and have Zero lates since

Jan 27th 2015
0
0
Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,224 contributions

Lots of good advice previously, underwriter will look at your entire file to make sure they are comfortable the problems leading to the BK willl not happen again. Having some savings would definitely help. Let me know if I can help when you are ready to move forward, licensed in VA

Jan 28th 2015
0
0
Subscribe to our news feed.