No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
@apay wrote:
Could we potentially be approved for first time home buyer mortgage under any program? Rentals are in high demand and very pricey in our area so we would like to buy as soon as possible.
Hi Apay,
It depends on several things.
When was your bankruptcy discharged?
Did you include a mortgage in the bk & if so, what type of loan was it?
FHA requires a 2 year wait from a ch 7 discharge unless you included a mortgage, then it's 3 years from when the bank takes back title on the home.
VA is also a 2 year wait but it doesn't matter if you included a mortgage or not, it's still just 2 years from the discharge date.
USDA requires a 3 year wait after a bk & like VA, it doesn't matter if you included a mortgage.
Fannie Mae requires a 4 year wait after a bk & it doesn't matter if you included a mortgage or not.
The other big thing is you have to show re-established credit with nothing derogatory after the bankruptcy.