Yes, you can get a mortgage after bankruptcy. Here are a few circumstances depending on your situation:
At the two-year discharge date of your CH 7 bankruptcy under FHA guidelines, and within 2 years for a VA loan under certain, extenuating circumstances. For a CH 13 discharge, which is basically a reorganization of debt, we can get you financed after 11 payments of your new payment plan, and with trustee approval. If you are putting a large enough down payment, you can get a private money loan, aka hard money loan. If the bankruptcy was not your fault then you could get qualified within 12 months if you demonstrate financial responsibility. In today’s new economy, many of us have emerged from a financial crisis due to many different reasons. The Housing Crisis of 2008, starting a business only to have it ultimately fail, a medical illness of a spouse or loved one, etc… Despite what you may have heard loans after bankruptcy are possible.
