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VA loan post CH7 Question

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ddamage
Regular Contributor

VA loan post CH7 Question

Hello fam. I have a quick question. I heard I can use my VA home loan 2 yrs after my CH 7 and was wondering if its 2 yrs from the filing date or discharge date? Thanks. 

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3 REPLIES 3
ShanetheMortgageMan
Super Contributor

Re: VA loan post CH7 Question

It's the discharge date compared to the date of closing on your new VA loan, but if the bankruptcy was caused by extenuating circumstances (prolonged unemployment, medical, etc.) + you've re-established credit then it can be just a 1 year wait.  VA even allows less than 1 year in the rare circumstance that it was caused by the failure of a business you owned.

Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
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Message 2 of 4
ddamage
Regular Contributor

Re: VA loan post CH7 Question

Thank you so much. Mods feel free to delte this post.

Message 3 of 4
themachineguy
New Member

Re: VA loan post CH7 Question

This is the exact situation I'm in right now. I'm aiming to get a VA loan ASAP after BK7 discharge.

 

Thank ou

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