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35% - Payment History 30% - Amounts Owed 15% - Length of Credit History 10% - New Credit 10% - Types of Credit
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Time Before Getting New Home After Chapter 7 BankruptcyIn many cases, those who went through bankruptcy can apply for a loan right out of a bankruptcy. However, your credit rating will not be attractive for lenders so it would be a good idea to speak with a good mortgage broker who is willing to do a lot of work for you. Normally, however, most lenders would probably agree that a decent mortgage can be acquired after about 2 years after a bankruptcy provided it is justified through income, trustee rating in a chapter 13, credit score and credit report and such. So it would be a good idea to speak with a professional in these matters. |
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