Can I get approved for a home loan right after bankruptcy?
Answer:
Depends on the type of Bankruptcy? It your debt has been descharged by the court, than yes. In fact once you discharge your debit, you will be able to buy a new car, credit cards, etc. Now some big banks won't touch you, never fear someone will, and with the market dropping it might be easier to get a loan.
i wouldnt think so it may just be hard for you but there are companys out there you are probably just going to have to build up your credit all over agin or pay alot of money up front in order to get the house. and it really depends on your financial standing if you make good money and have no debts id say you can
I'm sure there are some finical institutes that will, but are you sure you are ready for that?? You only get one chance!!
I SERIOUSLY DOUBT IT ESPECIALLY IF YOU DECLARED YOURSELF BANKRUPT IN THE PAST
no im afriad you wont be able to apply for any types of loans. companys will not usually touch someone who is declared bankrupt because it just means to them you are unlikely to pay back anything you owe them.
Yes there are companies out there that will give you a loan but your interest rate will be much higher.
Generally you should wait at least a year to get a clean start. I filed almost a year ago, but was still pre-approved (with a co-signer of course).still in all it's worth a try. Let me know what state you reside in, most business is done via email anyway, I can give the source.hit me back
you have to apply for one
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ever hear if you don't try you wont know?
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Yes there are many companies that will in the "subprime" market. These will be two year arm loans with a prepay. For conforming rates you need a minimum of 2 yrs, with CLEAN credit after the fact to qualify.
These types of loans you almost have to go to a mortgage broker who will almost certainly try to slam you with excessive fees so shop around.
Yes you can. Your approval will be based on your income and your rental/mortgage history however. There are mortgage programs that go up to 100% on the financing, a day out of bankruptcy.
In California, Visit http://www.findmyloanonline.com. to learn more.
Fannie Mae/Freddie Mac guidelines - 2 years
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