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How long after a bnkruptcy dismissal can apply for a reverse mortgage?

Type the details of your question here How long after bankruptcu dismissal can apply for a reverse mortgage by pittmanab from Abilene, Texas. Aug 24th 2010 Reply


Brian Esquivel (NewAZMortgage)
#23 ranked lender in Arizona - 67 contributions

Banks will need two years from a Chapter 7 bankruptcy discharge date to do an FHA or VA loan and 4 years to go conventional.For a Chapter 13, banks will need 12 months from the discharge date to go FHA or VA and 4 years for conventional.

Aug 24th 2010
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Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions

With a Reverse Mortgage your credit or your income come into play. The amount that you may receive is based entirely on the youngest age of the borrowers and the amount of equity in the property www.aarp.org has a good RM Calculator for determining that amount. .... Happy funding, Rudi

Aug 24th 2010
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Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions

corr: Do Not Come Into Play.

Aug 24th 2010
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