mortgage after bankruptcy and foreclosure

Typically the waiting period is 24 months on Bankruptcy, and 36 months for Foreclosure. If you give me a call I can help instruct you on what you need to do now, to obtain financing down the road. Eddie 866-218-9696 or eddie@edthloanguy.com

I can give you a suggestion on a hard money lender if you are interested.

If you cannot wait the nine months to try to obtain FHA financing, try the hard money route, just be sure how any pre-payment penalties will affect your new loan if you try to refinance to a lower rate.

The minimum waiting period is 24 months. Fha allows for that with a good letter of explanation. there are some hard money (private money) lender, that will lend on the property more than your credit. But rates on those aren't great. They can offen be above 10%. IF you did that most lenders have at least a 6 months seasoning rule, meaning you cant refi that loan for at least 6 months. 12 months to get cash. So you may be in that loan for a while before you can refi.. so be careful if you go that route and what people are saying to you about how quick you can turn around the loan.