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what are chances of getting a home loan 3 months before the full two years from a discharge bankru

by sylk68_792_355 from Tempe, Arizona. Apr 13th 2013 Reply


Kiernan Brown (KiernanBrown)
#50 ranked lender in Michigan - 149 contributions

You will need to wait the full two years from the discharge of the Bankruptcy, and maybe even three in some cases. Lender do not waver from this, and to be approved two years after the discharge you will have to use an FHA Mortgage. There is verbiage in the guidelines that talks of bankruptcy caused by catastrophic instances be considered for approval in as little as a year after discharge, but I have not seen that guideline followed. Count on at least two years from discharge, and you cannot apply until after the discharge date.

Apr 13th 2013
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Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,300 contributions

It's going to happen, but not as fast as you'd like. Most lenders are going to require you to wait until the first day following two full years to apply. Not me. I have closed many loans on the first day following the two year waiting period. Give me a call. I'll get you pre-approved so you can begin shopping now. If you assume it will take 30-45 days to close escrow, you are only 45-60 days away from being able to enter into that contract. That time will fly by. Give me a call or complete the quick application at http://www.loansa2z.com/QuickApplication.php and I'll get you pre-approved so you can close as soon as possible. I'm located in Chandler.~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Apr 15th 2013
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Peter Savino (855411LEND)
#100 ranked lender in New Jersey - 332 contributions

Sorry to say, you need to complete 2 years from your BK to be able to apply if you are qualified. To find out if you are qualified please contact me directly at www HOMEMORTGAGEXPERT.com or 855 411 LEND thank you Peter Savino

Apr 13th 2013
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,457 contributions

Zero.... You can talk to a lender... Maybe even start looking at home... Heck, maybe even make an offer... But you will NOT be able to close on any loan prior to the full two year period.

Apr 13th 2013
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

It depends, programs are available for people in your situation, however, they require large down payments and have less than favorable terms.

Apr 13th 2013
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Linda Miller (Linda Miller)
#2 ranked lender in Utah - 572 contributions

You will have to wait the full two years - but in the next three months you could be getting other things in order. Since the BK have you worked to get your credit score up. You will need at least 620 - and the higher you are the better rates and terms you will get. Also, do you have mney saved for the downpayment. Call a Lender 411 mortgage professional in your area.to help you get your financial ducks in a row so you are ready when you hit the 2 year mark. Good Luck.

Apr 13th 2013
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Benjamin Bote (Benjamin)
#807 ranked lender in California - 20 contributions

I'm afraid your chances are Zero. :(

Apr 13th 2013
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

No chance but NOW is the time to start working on getting your credit score higher. Get with a lender411 loan officer to discuss your situation.

Apr 13th 2013
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

Not good need to wait the full 2 years and don't sign app, disclosures or contract of sale prior to full 2 years.

Apr 13th 2013
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Linda Wintersteen (Linda123)
#62 ranked lender in Arizona - 1,256 contributions

i do have a loan progarm if you did a bk 13 and not a 7 linda yourloanpartnerforlife@live.com

Apr 14th 2013
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