It used to be that if you had a bankruptcy in your past, getting a mortgage, including an FHA loan was rather difficult, if not impossible. Today, however, the story is completely different. Even if you have a Chapter 7 bankruptcy in your past, you might be eligible for FHA financing. Every lender will have different requirements regarding what qualifies an applicant with this type of credit history, but the FHA has general rules that every lender must follow. Elapsed Time … [Read more...]
How to get a FHA 203K Streamline Renovation Loan after Bankruptcy
Filing for bankruptcy used to seem like a death sentence to your finances. People would be unable to move forward with their financial life for at least 7 years, unless they had the cash to pay for things. This made home ownership seem impossible. Today, however, even if you filed for bankruptcy you can still get a mortgage and even get one that helps you fix up your home or purchase a fixer upper with funds to make it look nice. The streamline 203K program allows you to wait … [Read more...]
