Types of Mortgage Loan Programs For Homebuyers
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Types of Mortgage Loan Programs For Homebuyers

This guide covers the types of mortgage loan programs for homebuyers. There are several types of mortgage loan programs. The…

Chapter 11 Bankruptcy Guidelines on FHA and VA Loans
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Chapter 11 Bankruptcy Guidelines on FHA and VA Loans

What is the waiting period to get a home loan after filing Chapter 11 bankruptcy?

FHA allows mortgage eligibility after 12 months of on-time payments if the bankruptcy trustee approves, and no waiting period after discharge. 
VA home loans are allowed after 12 months of on-time payments and trustee approval, and no waiting period after discharge. 
Conforming (Fannie Mae and Freddie Mac) lenders require a two-year waiting period after Chapter 11 discharge, and a four-year wait after Chapter 11 dismissal. 

Mortgage applications after recent bankruptcy filings may require manual underwriting, which can be stricter than automated underwriting.