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How soon after a bankruptcy is discharge would you be able to apply for a Home equity Loan?

by lifesnotalwaysfun from New Haven, Kentucky. Sep 21st 2010 Reply


Joel Lobb (kentuckyloan)
#3 ranked lender in Kentucky - 192 contributions

For an FHA, VA, USDA loan they all require 2 years since your discharge date on your bankruptcy. You must have a 620 credit score and good reestablished credit since the bankruptcy.

Sep 21st 2010
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Joel Lobb (kentuckyloan)
#3 ranked lender in Kentucky - 192 contributions

Checkout my blog at kentuckyloan.blogspot.com for a more complete answer to your question.

Sep 21st 2010
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Casey Persinger (casey@thelowpricelender.com)
#31 ranked lender in Utah - 30 contributions

2 years if you are looking at using a government, you must also re-establish your credit since the BK's discharge date and to be quite honest the it's hard enough now for borrowers with good credit to obtain a home equity loan you will probably have a hard time doing so yourself unless your Loan To Value is very low right now. Good luck if you have any other questions please contact me at 801-682-5626 or casey@thelowpricelender.com

Sep 22nd 2010
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Todd Glassman (Todd Glassman)
#1 ranked lender in South Carolina - 123 contributions

We require 2 years after your discharge date on your bankruptcy. Give us a call for a free mortgage analysis.

Sep 22nd 2010
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