There’s a misconception that filing for bankruptcy means a lender will not approve you for a mortgage loan. Not necessarily true. While you will have to wait until the judge discharges the bankruptcy, there are no rules that exclude you from getting any type of loan after a bankruptcy. Keep reading to find out how long you will need to wait to qualify. Plus, discover bankruptcy-friendly loan programs.
How long you must wait to qualify for a mortgage after bankruptcy depends on the type of bankruptcy and the type of loan. Here’s the breakdown by bankruptcy type:
At Midland Mortgage Corporation, we know how stressful bankruptcy can be, and we don’t believe it should keep you from being a homeowner as soon as possible. When you connect with our consultants, we will help you prepare to secure the best rates for your mortgage loan the moment your waiting period is over.
Our experienced consultants know all the tips and tricks to increase your credit score fast and boost your chances of a successful loan application while you wait. Contact Midland Mortgage Corporation today to learn how to get a mortgage following a bankruptcy.