Mortgage

[Anonymous]

Hello for those that was able to get a mortgage after bk 7 discharge... which company did you go with?

[Scupra]

Find a broker that knows what they are doing when it comes to bankruptcies. Call MULTIPLE loan officers and get a feel for them, make sure you like this person. You will be dealing with this person a lot. If they take forever to respond in the beginning, you may want to think how they will respond to others during your loan process. Good luck and read read read! That way you're not a stress basket in the middle of the loan process.

[aussiesareforever]

I used a well established mortgage brokerage company. I was five years out so they didn't even care about the BK at that point. Didn't even have to write a letter of explanation for the BK.

Depending on what part ofthe country you are, there would be many options. You can use a broker or go with an individual bank. Just be sure to do your homework like Scupra said. My loan officer was really impressed by how much I knew about the mortgage process (she even commented that some of the loan officers in her office did not understand some concepts I knew). I felt really prepared and the process was really easy. I owe everything to all the fantastic information I got from these forums!

[Anonymous]

Thanks 

[Anonymous]

You can get an FHA loan 2 years after discharge, however you'll need the 3.5% as a down payment. I'm not sure if USDA would also give you a loan since it's another government program, but there are options for people out there, even with low credit scores.