When can we apply for a loan?

Hello, The type of BK you filed will determine how long you must wait before applying for a mortgage. If you filed a Chp 7, it is typically 2 year, and a Chp 13 is a year. Another factor that will determine the length is the type of loan you are seeking. At The Bradford Group, our Loan Advisors will work with you to help you weigh your options and position you to reach your dream of owning a home once again. Please call us at 404-618-2824 to discuss the details of your situation, or visit our website at www.bradfordgroupmtg.com.

We have a 1 day out loan that is a good way to reestablish credit. FHA is 2 years and conventional is 4. Tom@lendfm.com for more details.

All your standard and preferred loan programs have a mandatory minimum waiting period after a bankruptcy before you can apply for a new loan. The waiting period depends on what type of new loan you are applying for. Their are sub-prime loans that have no waiting period. They will have much higher rates and bigger down payment requirements. Contact a local mortgage broker to get an idea on your situation, and review the information on this web page for standard waiting periods: http://joemetzler.com/waiting-period-after-foreclosure-short-sale-or-bankruptcy.htm