How long after bankruptcy do you have to wait before refinancing?

Answer 1

Refinancing after a bankruptcyThe time period you have to wait depends on what chapter bankruptcy you filed.

Generally, you are able to refinance 2yrs after a Chapter 7 discharge.

If you are in Chapter 13, you can refinance the next day with many lenders. You can email a mortgage broker like myself to find out more.

• To add to the above answer, you do NOT have to wait 2 years to refinance after a chapter 7 discharge, those are for fannie Mae loans. You can refinance a chapter 7 a day after discharge. A chapter 13 can also be refinanced before discharge since it's on a payment plan for 3-5 years from filing date. You can get a chapter 13 refinance as little as 6 months from filing, not discharge and you can payoff your chapter 13 in the process if you have enough equity in your home.

Answer 2

* The usual length of time after a bk dismissal required to refinance is 24 months. There are different requirements with different lenders. Some specialize in assisting borrowers with bks. * It depends on the type of Bankruptcy you filed....Chapter 7 or 13. I have lendors that will offer financing one day out of a Chapter 13.

Answer 3

You may do it at any time you can find a lender willing to do so.

Especially with all the commotion surrounding sub-prime lending (which a loan to a recent bankrupt would certainly be), that may be hard to find.