WE HAVE A LARGE DOWN PMT, BUT HAD TO FILE BK 5 YRS AGO DUE TO A BUSINESS FAILURE CAN YOU DO THIS LOAN?

Hello - most likely! What type of BK did you file?

Luann, Great question. There are several other factors which can play a role in the process as well. Need to know what type of BK, current income, debts etc..... I can be of help to see if you qualify. Call me for an appointment. I work all of Northern California and will happily meet with you in person. If you want to stay local in Petaluma, find a reputable Mortgage Broker with great client service!! Do not compromise!! They earn their money by working for you. All the Best, Scott. 916-470-0947.

HI LuannThe short answer is YES. There are different loan products that would work for you (All 30 yr fixed). We are based in Rohnert Park. Please give me a call and I can get you pre-approved.

Jeff Phillips
707-237-2139
HPI Financial
jeff@hpifinancial.com

You should not have any trouble whatsoever with getting financing. Unfortunately, we are not licensed in California at this time. Good luck!

The waiting period is up to 4 years from date of discharge, so as long as you have reestablished credit and have had no late payments since the discharge; you should be fine.

More info needed, but the short answer is yes.. Conforming guidelines require a 4 year waiting period if you had a BK.. You will need to meet all other eligibility requirements such as minimum acceptable credit scores, debt to income ratios, and satisfactory income sources, but so long as you meet the requirements, you should be ok.. Understand that if you had a home/mortgage included in your BK, then we would need to know the details to determine if you would need to wait 7 years vs. just 4.. but assuming no mortgage was included in the BK, then the 4 year mark is the mandatory waiting period.. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347