+1 vote
asked in FHA Loans by

Hi, we have had major credit issues. Including we lost our home of 23 years because we thought someone was helping us refinance and they only took money from us. Then we had to file bankrupcy. Bankruptcy was charged off in the beginning of 2018 right now we are rwnting a home but will have to move in June of 2020. Do you think it would be possible to buy a home at that point? What can we do to help ourselves?

Thank you

1 Answer

0 votes
answered by
There is a two year waiting period after Chapter 7 bankruptcy discharged date. No waiting period after Chapter 13 discharged date. 3 5% down payment.  Non qm loans do not have any waiting period requirements but 10% to 20% down payment is required