FHA Loan After Bankruptcy 2019

FHA Loan After Bankruptcy 2019


First and foremost lenders will want to see that you have re-established your credit after the bankruptcy. Make sure that you do not miss any payments. If you are buying a home make sure you can provide documented rental history for 12 months.

Chapter 7 bankruptcy

At least two years must have elapsed since the discharge date of the borrower and / or spouse's Chapter 7 Bankruptcy, according to FHA guidelines. This is not to be confused with the bankruptcy filing date. A full explanation will be required with the loan application. In order to qualify for an FHA loan, the borrower must qualify financially, have re-established good credit, and have a stable job.

Chapter 13 bankruptcy

FHA will consider approving a borrower who is still paying on a Chapter 13 Bankruptcy if those payments have been satisfactorily made and verified for a period of one year. The court trustee's written approval will also be needed in order to proceed with the loan. The borrower will have to give a full explanation of the bankruptcy with the loan application and must also have re-established good credit, qualify financially and have good job stability.

FHA Loan After Bankruptcy 2019 Extenuating circumstances

New FHA loan requirements borrowers may also be eligible for an FHA insured loan on a purchase transaction after 12 months from the completion, discharge, trustee's sale if the borrower meets the requirements for extenuating circumstances Economic Event.

Borrowers with a prior bankruptcy, foreclosure, deed-in-lieu, or short sale may be eligible for an FHA insured loan if the bankruptcy, foreclosure, deed-in-lieu, short sale was the result of a documented extenuating circumstance.

Apply Now!

Call us 888.958.4228


Apply Now

Call us 888-958-5382


www.MORTGAGE-WORLD.com LLC is an online mortgage company specializing in FHA loans for first time home buyers.


FHA purchase FHA refinance FHA 203k loan FHA cash out $100 down loan

FHA loan requirements - ‎FHA loan limits - ‎FHA loans - ‎FHA Streamline


We recognize the importance to you of keeping your information secure and confidential. We will not sell or share your personal information.


We look forward to working with you.

Image 12

Minimum credit score needed

to buy a house or refinance


Apply Now!

or

Call us 888.958.4228


FHA Loans

requires a minimum credit score of 500 to buy a home or refinance

500 credit score

VA Loans

requires a minimum credit score of 500 to buy a home or refinance

500 credit score

Fannie Mae

requires a minimum credit score of 620 to buy a home or refinance

620 credit score

USDA Loans

requires a minimum credit score of 580 to buy a home or refinance

580 credit score


Call Now, Our Staff is Available

888-958-4228


Apply Now!

Apply Now!

Call 800.516.9166

Email Us!


Recent Articles

  1. 2024 FHA Credit Score FHA Credit Score To Buy a House 2024

    Nov 29, 23 08:14 AM

    blog.png
    2024 FHA credit score. FHA loan requirements 2024 minimum credit score for 3.5% down payment is 580.

    Read More

  2. FHA Loan-Limits 2024

    Nov 28, 23 04:07 PM

    AboutUs
    FHA Loan-Limits 2024

    Read More

  3. 2024 FHA loan requirements

    Nov 28, 23 04:05 PM

    AboutUs
    2024 FHA loan requirements

    Read More


LOGO

New Jersey Location

Call Now, Our Staff is Available!

800.516.9166

Z1.png