+1 vote
asked in VA Loans by
I converted from a Chapter 13 bankruptcy to a Chapter 7 bankruptcy after only 18 months. I reaffirmed my mortgage and sold my home. How long do I have to wait to qualify for a VA home loan or a non QM loan after discharge?

1 Answer

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answered by (40.8k points)
There is a two year waiting period after Chapter 7 Bankruptcy discharged date to qualify for a VA loans. Non-QM loans has no waiting period requirements after bankruptcy and/or foreclosure. However, a 30% down payment is required on Non-QM mortgages one day out of bankruptcy and foreclosure
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