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You can buy a home through an owner carry back. Contact me I can send you a list of owner carry backs.
Its 2 Years to the month. you need perfect, established credit and all other qualifications need to be strong (i.e. debt to income; min 3.5% ernst money down)
I don't know who Breff is talking about, but it sounds like a private lender or portfolio lender. Good if you can get it. Make sure the rates are in line though. Otherwise, the soonest that you can get a mortgage after a BK depends on the type of BK and the situation regarding the BK and the type of loan you are getting. But the range is from 1 yr. with extenuating circumstances all the way to 7 years (BK with a foreclosure). you need to speak with a knowledgeable mortgage professional to look at your specific situation. Good Luck. HOpe this helps.
We work with a lender that can get you loan usually. I have seen this lender give loans to people with short sales and foreclosures after 6 months. Feel free to contact me if you want to know more info.
Gina, Yes you are right, you usually need at least a 2 yr history of self employed income, before you will be able to qualify. Your best bet would be to lease or lease to own. Talk with a property mgr or get references to several real estate agents and pick their brain as to areas, prices etc. Good Luck
I need to move to Ariz. because of my Allergies. I am a foster parent and I want to buy so that my kids will know where I am. Here is my problem, when I move down to Ariz. I won't have an income because I will have to start all over again with the new foster system. So how do I go about buying a house? Should I rent to buy? I have heard that the rent is crazy down there so, what can I do?
DArlene sounds like she has some program for you, so I would contact her and see if it can help you. Good Luck!
Yes there is a way to buy house contact me and I will explain the program to you.
Yes. but talk to someone who knows the new guidelines. your options are: 1.Owner Finance.
2. if you are a Veteran- VA allows after 2 yrs.
3. FHA- if there are extenuating circumstances regarding the BK.
it is complicated so, speak with someone who knows the lending guidelines.
Hi yes you can buy a home with a BK, please feel free to contact me I would be glad to help you. There owner financing as low as 3.5% and up.
Thanks for considering purchase a home! There are options and you can purchase a home prior to the 3 year anniversary of your bankruptcy. You can purchase a home that offers seller financing. Please feel free to email, text, or call anytime and I can answer any questions that you have.
You can buy a home on a owner financing property
If you had a chapter 7 bankruptcy, you will need more time since the discharge. If it was a chapter 13, you can provide proof from the trustee that you paid it on time, and have 3 other items paid as agreed for the last 12 months such as rent, utilities, and new accounts on credit, you may be able to get an FHA loan. An important thing to do is check your credit to make sure all items are reporting correct: Any accounts included in the bankruptcy should say that and show a zero balance, the bankruptcy should say discharged and the date, and keep your credit card balances under 10% of the credit limits. You can order your credit for free at annualcreditreport. It is very important to reestablish credit after a bankruptcy and credit cards would be the best way as long as you just charge $30 or so each month and pay them off when you get each bill. I hope this helps.
hi olivia! While i'm not a agent in your state, I've ran into this problem before with some customers. In indiana, you have to wait at least 2 years to buy a house if your bankrupt. they didn't own their own house, but if you did get in trouble paying off your house, then no one should ever declare bankruptcy. That's my understanding of it.
Yes, you may. Give me a call and i will be happy to provide solutions depending on your status and needs. My cell is (480)678-9882.
FHA financing is allowed 24 months from a Bankruptcy Chapter 7 discharge. Also FHA may be allowed while you are still in a Chapter 13 Bankruptcy under certain Circumstances. If a home is surrendered in the bankruptcy, you must wait 36 months. If you short sale your home but memain current on the payment, FHA financing is allowed immediately with acceptable explanation for why you short sold your home. If you short sell your home and have late payments, you must wait 36 months from the sale date. I hope this is helpful. Good Luck!
Of course....If you've had a Chapter 7, you can purchase again with an FHA Loan (3.50% down payment) or VA Loan $0 down payment (If you're an eligible Veteran). Please let me know if you need any additional information. Thank you,
Yes, for cash or with a reverse mortgage.
I would suggest consulting with a reputable mortgage lender to get pre-approved for a home. They'll be able to guide you through your financial obligations and the lending process.