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2nd Home/Investment Property

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kaylord84
Frequent Contributor

2nd Home/Investment Property

How many years after chapter 7 discharge waiting period to finance a second home for a rental property?

Starting Score: Eq 485 TU 467 Ex 400 BK filed Dec 2016
Current Score: Eq 723 TU 665 Ex 682
Goal Score: 700 All 3


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Anonymous
Not applicable

Re: 2nd Home/Investment Property

I am interested in this information as well (although our second home would be for part of the year vacation home, not investment).

I am guessing its 2 years and probably 20% down min. for Conventional financing. Hopefully someone else chimes in that's "been there, done that" Smiley Happy
Message 2 of 3
kaylord84
Frequent Contributor

Re: 2nd Home/Investment Property

I think it's actually 4 years for conventional. I will probably just pull equity out of primary residence and Pay for a fixer upper cash

Starting Score: Eq 485 TU 467 Ex 400 BK filed Dec 2016
Current Score: Eq 723 TU 665 Ex 682
Goal Score: 700 All 3


Take the myFICO Fitness Challenge
Message 3 of 3
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