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If a conforming lender (better rates) is used, usually about 2 years. If a non-corming lender is used (not so good rates), one day. The difference in these two types of lenders will depend on your credit score at the time of application and the loan-to-value of the loan you are applying.
What else can I help you with?
If you file chapter 13 and have a foreclosure are you still able to obtain financing for a home?
Absolutely, there are many programs available to assist existing home owners as well as home buyers with financing home loans after bankruptcy and foreclosure. To obtain a home loan while currently in a chapter 13 bankruptcy it is very important to establish a good payment history. The company that will approve you for a home loan will need to have your payment history. They will also contact the trustee of your chapter 13 bankruptcy to receive permission or an ok to proceed with your home loan. To obtain a home loan after chapter 13 bankruptcy you will need to provide the following to your loan officer. Original schedules of your bankruptcy Discharge documents of your bankruptcy Proof that you have a satisfied discharge Proof that you have established new credit To obtain a home loan after a foreclosure. Maintained or established new credit Applying for an FHA Home Loan there is a waiting period of three years after the foreclosure proceedings have been completed. For Conventional Home Loans you will need to wait five years. Frank Thomas Sr. Loan Consultant www.lowermymortgageratestore.com 480-621-4270
Where to get approved for a home loan after chapter 7?
After a Chapter 7 bankruptcy, you can get approved for a home loan through lenders that specialize in working with borrowers who have a bankruptcy history. Typically, FHA loans are accessible two years post-discharge, while conventional loans may require a waiting period of four years. It's essential to demonstrate a good credit history and stable income since your bankruptcy. Be sure to shop around and consider credit unions or local banks that may offer more flexibility.
What are the requirements to qualify for an FHA home loan?
"Requirements for an FHA home loan vary depending on what kind of loan you are applying for. If you are applying for a re-structuring loan, you need to own a home. If you are applying for a first mortgage, you need good credit, a deposit and a social security number."
Is it possible to get a home equity loan while paying chapter 13?
No you can not get a home equity line of credit but you can refinance and pay off the chapter 13 with the new mortgage.
What are the benefits of applying for pre-approved home loans?
Applying for pre-approved home loans can help you understand how much you can afford to borrow, speed up the home buying process, and make you a more attractive buyer to sellers.
What is the waiting period for purchasing a home after filing bankruptcy if a mortgage was included?
There is no specific waiting period. You can purchase a home as soon as you reestablish your credit to the satisfaction of any proposed lender.
What if your waiting for your period but you think you might be pregnant?
You should consult a doctor or take an at-home pregnancy test.
If you file chapter 13 and have a foreclosure are you still able to obtain financing for a home?
Absolutely, there are many programs available to assist existing home owners as well as home buyers with financing home loans after bankruptcy and foreclosure. To obtain a home loan while currently in a chapter 13 bankruptcy it is very important to establish a good payment history. The company that will approve you for a home loan will need to have your payment history. They will also contact the trustee of your chapter 13 bankruptcy to receive permission or an ok to proceed with your home loan. To obtain a home loan after chapter 13 bankruptcy you will need to provide the following to your loan officer. Original schedules of your bankruptcy Discharge documents of your bankruptcy Proof that you have a satisfied discharge Proof that you have established new credit To obtain a home loan after a foreclosure. Maintained or established new credit Applying for an FHA Home Loan there is a waiting period of three years after the foreclosure proceedings have been completed. For Conventional Home Loans you will need to wait five years. Frank Thomas Sr. Loan Consultant www.lowermymortgageratestore.com 480-621-4270
Which bankruptcy is for a home?
You can file either Chapter 7 or Chapter 13 as a homeowner. If you are trying to save the home from foreclosure, then Chapter 13 would be the proper chapter.
Your mortgage is 7 months behind if you have a prior Chapter 7 which was discharged in may 2007 can you file again to save your home?
There are two parts to this answer. The first is if you are trying to "SAVE" your home you would not be filing a chapter 7. YOu would be filing a chapter 13 Which is designed for you to be able to keep your assets that have fallen into delinquency such as your home or vehicle. Chapter 13 put you into repayment plan for the 7 months that are past due spread out over 3-5 years. Chapter 7 is a liquidation of debt if your were able to file again...Which brings us to part two of the answer you would be saying in essence you want to let your house go and liquidate or zero out any remaining balance. There is a 8 year waiting period before you can file another 7 anyway and that is not the plan you need.
Can you perform a pregnancy test ten days before period starts?
The results will not be accurate. Most home tests recommend waiting 7 days after the start of your missed period to test. The answers will usually be definite by then.
After Chapter 7 bankruptcy has been Discharge can buy a home?
After Chapter 7 bankruptcy has been Discharge can buy a home
Will applying for ebt affect me when applying for home loan in Florida?
Well, if you can't afford to buy food, how are you going to afford to pay for a home loan?
Is there a 30 day waiting period on contracts till the ink is dry?
No. However, in certain indirect selling agreements (say by phone to your home), many countries allow for a period of reconsideration (14 days) during which you can cancel the contract without penalty.
Where is the Home Front Chapter in Charlottesville Virginia located?
The address of the Home Front Chapter is: Box 4737, Charlottesville, VA 22905-4737
What are the requirements to qualify for an FHA home loan?
"Requirements for an FHA home loan vary depending on what kind of loan you are applying for. If you are applying for a re-structuring loan, you need to own a home. If you are applying for a first mortgage, you need good credit, a deposit and a social security number."
Who is waiting for katniss when she returns home?
President Snow
