If I hold have a ruin surrounded by California, can I still seize a loan for a mortgage?
Answers:
Yes, but it will be at a HIGH % rate
More information is needed to give you a good answer. When be the BK, Chapter 7 or 13. When discharged.... Loan to value needed.... your Debt loan..... talking to a informed Mortgage Broker should let go answers for you...... My last bit of advise is to stay clear of above poster... MartyS.... shark and scam artist..... Source(s): Respected Banker
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Good luck
Yes you can.
Sub-prime lenders give loans 1 day out of bankruptcy (after discharge). You'll obligation a down payment and will pay a better rate.
FHA will finance after 2 years.
Conforming loan (FNMA/FHLMC) guidelines stipulate 4 years after discharge but I've seen some turn through sooner depending on the overall strength of the file. Largely dependent on down payment.
Talk to a local reputable mortgage broker and they can insist on when you can finance a home. Best of luck to you. Source(s): Illinois licensed Loan Originator w/23 years mortgage industry experience.
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