Qualifying for an FHA loan after bankruptcy is possible. The only requirement is having at least two positive lines of credit (installment loans and/or revolving accounts). A score of 580 or higher will pay 3.5% down, while a score below that will pay 10% down.
VA loan after chapter 7
You can qualify for a VA loan after chapter 7. Like FHA, they have less requirements than conventional home loans. While VA loans are not required to have a score by the government, most lenders need one anyway. Find a lender that will work with you at the score you currently have.
Get Your Bankruptcy Removed Professionally
In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. It's so much less stress, hassle, and time to let professionals identify the reasons for your score drop.
If you're looking for a reputable company to increase your credit score, we recommend Credit Glory. Call them on (800-807-4388) or setup a consultation with them. They also happen to have incredible customer service.
Credit Glory is a credit repair company that helps everyday Americans remove inaccurate, incomplete, unverifiable, unauthorized, or fraudulent negative items from their credit report. Their primary goal is empowering consumers with the opportunity and knowledge to reach their financial dreams in 2020 and beyond.