Can I qualify for a HARP refinance if I underwent a bankruptcy last year?

Good Evening! After Verifying this information with our In-House Representative, it was Re-Confirmed that there is No Waiting Period for BK's. I'm with a Federally Chartered Bank and able to Originate in all 50 States, including New Jersey where our Branch is located. I'm happy to help you offline if you'd like and I would encourage you to view my profile for my direct contact information and site ratings! Thank you and do feel free to reach out to me tonight if you'd like! Enjoy the night!

It is possible, provided your Chapter 7 is discharged. HARP will require an A/E from the DU (or LP) Automated underwriting system, so it will depend on all of your criteria. The fact that the BK was last year, all by itself will not disqualify you. Work with a local Mortgage Banker/Broker, rather than one of the big banks or big national mortgage factories. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. We have access to loan products of MANY lenders, not just those of ONE bank, and can properly guide you. The fact that we have multiple sources means it is more likely to find one that will consider your unique circumstances. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Yes and No... Under the HARP guidelines, you would qualify.. However 2 things have to take place.. one is you have to get approved through the automated underwriting system... (AUS).. if you don't get AUS approval, you can't get approved.. 2nd, you need to find a lender who does not have overlays, or additional guidelines that disallow folks with BK's even if AUS approves them.. I currently have a borrower with 2 foreclosures from less than 2 years ago, and he's approved, and we have a lender willing to do the HARP refi... so anything's' possible.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

I do not believe so -- you need to be a few years removed for a bankruptcy (and that is from it being DISCHARGED, not FILED)DP

It Depends, What type of Bankruptcy? When was the discharge date? Email me the details and I can better advise you. PBotros@OmegaLoans.net

The good news is that the guidelines have changed for this program and there's no longer a waiting period requirement between a bankruptcy and refinancing (under HARP). You'll need a credit score of at least 620, but email or call and I'll be happy to go into more detail for you. I'm licensed in NJ as well.

Possibly. Get with a local lender and see if you can get an approved eligible and, if so, then you can.

Hello, Depending on who your currently serviced with, meaning who you pay your mortgage to. You may have some options. I'm available to speak anytime. You can reach me at:201-726-2662 MobileMGonzalez@CenmarkMortgage.com

You need two years from your discharge date before you apply.

Yes and No... Under the HARP guidelines, you would qualify.. However 2 things have to take place.. one is you have to get approved through the automated underwriting system... (AUS).. if you don't get AUS approval, you can't get approved.. 2nd, you need to find a lender who does not have overlays, or additional guidelines that disallow folks with BK's. Simple short answer - It's possible. By the way - allot of these brokers forget one thing -- has to be a 13. Not a 7. Walk away from everything - Time is your only cure. Trust me, AUS NOR DU will get you an approve eligible with a 7. Andrew