first time home buyer, 100 percent financing, buying a home, first time buyer program, qualify for a home loan first time home buyer, 100 percent financing, buying a home, first time buyer program, qualify for a home loanfirst time home buyer, 100 percent financing, buying a home, first time buyer program, qualify for a home loan

Call Today for Approval! 800-546-2289

Application  |   Questions  | Purchase Loans    Buying   | Selling    | Refinance   | Second Mortgages  |  Home

 

 

 

Recent Bankruptcies

 

Orange County Homes and Loans

 

How long after a bankruptcy is discharged can a borrower obtain a loan?

Today some lenders are able to take a look at person's overall credit and financial picture to seek out borrowers who may have had a single issue leading to the filing of a bankruptcy.  It is possible to obtain a 100% purchase loan with a recent bankruptcy discharge (in as little time as 1 week discharge).  These particular programs are credit score driven so if a person had good to excellent credit just prior to the bankruptcy, he/she may be able to qualify for 100% financing.  Alternatively, there are additional programs where if a borrower has a down payment (the percentage will vary based upon the credit score), financing is still possible with only an average rating.

 

FHA loans usually require 2 years seasoning from discharge on a Chapter 7 bankruptcy, and 1 year with a prompt payment history on a Chapter 13.

 

Apply today without obligation and

a licensed loan officer will review your information and discuss your options with you!

 

Orange County Homes and Loans

 

 

 

 

Orange County Homes and Loans, Orange County real estate