turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Starting Score: TU 477 EQ 533 BK 1/27/2012
The real answer to this is no. You don't have a blanket mandatory waiting period that applies to all mortgages after a BK. FHA mortgages require you to wait 2 years after a 7 discharge, and some conventionals make you wait 3-5 years. But, if you have a large enough down payment and find the right lender, you can get a mortgage immediately after a BK7.
There is a problem, however. If you suddenly have a large down payment, the trustee can call you back in to ask where you got the money (on suspicion that you hid it from your creditors). It doesn't happen often, and if it's from equity in your home that was protected in the BK its even more unlikely, but it can happen so be careful.
-SM
There is a problem, however. If you suddenly have a large down payment, the trustee can call you back in to ask where you got the money (on suspicion that you hid it from your creditors). It doesn't happen often, and if it's from equity in your home that was protected in the BK its even more unlikely, but it can happen so be careful.
-SM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.
>> About myFICO
FOLLOW US 
SUBSCRIBE TO myFICO EMAIL 