Can I Buy a House in South Dakota With Poor Credit
In this blog, we’ll address the common inquiry: Can I buy a house in South Dakota with poor credit and…
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Call or Text: (800) 900-8569
Email Us: alex@gustancho.com
In this blog, we’ll address the common inquiry: Can I buy a house in South Dakota with poor credit and…
This article will discuss the FHA Waiting Period After Bankruptcy and Foreclosure. The FHA mandates waiting periods after bankruptcy, foreclosure,…
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.
We aim to examine the FHA Work History Guidelines in this blog post and explain how they are relevant to…