Mortgage companies that deal with people in bankruptcy offer FHA loans. These types of mortgages have lower score requirements. You can qualify with a 580 score at 3.5% down, or 10% at 579 or below. There is a waiting period of two years for Chapter 7 and one year for Chapter 13.
This waiting period (called "seasoning") doesn't have to stop you. It's possible to remove the bankruptcy off your credit reports by working with a professional. This will allow you to apply for better loans (conventional) immediately.
How To Get A Mortgage After Bankruptcy
If you have filed for bankruptcy there is generally a waiting period before you can get a mortgage. After waiting for 4 years — for Chapter 7 — you can start shopping around. While you're waiting, you may be able to work on your credit by partnering with an expert like Credit Glory to dispute and remove any inaccurate information.
Home Loan Companies That Provide Mortgage After Bankruptcy
The best places for a mortgage after bankruptcy include FHA loans and USDA loans. How can you make the loans even better? Check your report for inaccurate items — then dispute them with help from the experts at Credit Glory!
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 (833) 766-4803 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.