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How long after BK can I get a conventional mortgage?
4 years Waiting Periods For Conventional Loans If a court discharges your bankruptcy, the waiting period for post-bankruptcy borrowers to apply for a conventional mortgage that meets Fannie Mae or Freddie Mac requirements is 4 years from the date you filed and 2 years from your dismissal date.
Can you buy a house after Chapter 7 with a co signer?
Yes, having a co-signer can improve your chances of getting a mortgage after a bankruptcy. But it's far from a sure thing.
Can mortgage be denied after final approval?
Can a mortgage be denied after the closing disclosure is issued? Yes. Many lenders use third-party “loan audit” companies to validate your income, debt and assets again before you sign closing papers. If they discover major changes to your credit, income or cash to close, your loan could be denied.
How long does a BK affect your credit?
A Chapter 7 bankruptcy may stay on credit reports for up to 10 years from the filing date, while a Chapter 13 bankruptcy generally remains for seven years from the filing date.
What is the credit score 2 years after Chapter 7?
If you practice good credit habits, you can usually expect to have a 600 credit score after bankruptcy within about one to two years after your case is filed and you receive a discharge.