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04-09-2009 05:42 AM
My Ch 7 BK was discharged on 2/19. My FICO score is a crappy 600. Does anyone know how long it takes before you can buy a house? Is it based on the credit score or length of time after BK discharge? Thanks in advance!
04-09-2009 08:16 AM
04-09-2009 06:46 PM
That is wrong information about FHA. My husband and I are 5 months discharged from a Chapter 13 bankruptcy and we are working with a lender for FHA refinancing. It is 2 years from discharge for a conventional loan. You do need a minimum score of 620 though.
04-09-2009 10:07 PM
04-10-2009 08:09 AM
Right. With chapter 13 you can apply the day after discharge. With chapter 7 you have to wait 2 years.
With either, if there was a foreclosure, deed-in-lieu, or short sale, you have to wait 3 years from when the property transfers.
04-14-2009 04:52 PM
04-21-2009 09:21 PM
04-22-2009 04:18 AM
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