How Long after Bankruptcy should I wait before Applying for a Mortgage?

Going through a bankruptcy, either personally or with your business, can affect your ability to qualify for a mortgage. Your credit score may drop, and you may need to wait before applying for a home loan. It all depends on the size of your down payment and how high of an interest rate you can tolerate. Here’s what you need to know if you have been through a bankruptcy: Types of Bankruptcy There are three common types of bankruptcy: Chapter 7, Chapter 11 and Chapter 13. Chapter 7 and 13 are for personal debts while Chapter 11 is for business debts. With Chapter 7, most of your asse...

February 27th, 2019 | Mortgages, Bankruptcy, Apply, How Long after Bankruptcy should I wait before Applying for a Mortgage?

A.K.I. Funding

NMLS: 348865

Cal BRE: 01850103

Phone: 909-396-6870

 

Diamond Bar

22632 Golden Springs Drive, Suite 180
Diamond Bar, California 91765

West Covina

1627 W Garvey Ave N
West Covina, CA 91790