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 of loved one, etc… Despite what you may have heard loans after bankruptcy are possible.
The bottom-line: Life can sometimes be challenging, and we have to take the necessary steps to be able to get rid of all the debt, and be able to start over fresh.
For many of us, we think that life after bankruptcy will be this dismal existence where we cannot get credit for 7 years, let alone buy a car, or more importantly, a home for all your husband/wife, and children, if any.
- You can get a mortgage loan 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.
For a detailed FHA loan analysis and complimentary FREE credit report regarding your bankruptcy situation, and we can help, please fill out some basic information below and our mortgage broker will get back to you shortly.
Hello, my name is Brian Quigley and I have been in the Denver mortgage industry since 2003. I have been fortunate enough to choose this very rewarding mortgage broker career and help thousands of borrowers over the years. Customer satisfaction is important to me most, and getting my clients to the closing table smoothly. Read More…