Posted by htg on August 10, 2003 at 18:09:43:
Yes, assuming you meant chapter 7 that was discharged 1 year ago, you will have to go subprime and the payments on your debts will have to be current and your DTI must be in line. Get ready for some high interest rates.
How to obtain a mortgage loan - Posted by Elizabeth/JIR
Posted by Elizabeth/JIR on August 10, 2003 at 15:54:12:
Hello,
I wanted to know how I could get a mortgage loan after filling for bankruptcy (1yr) and still having debts?
Re: How to obtain a mortgage loan - Posted by Chireen
Posted by Chireen on August 22, 2003 at 04:32:42:
What State are you in? I know a Mortgage Banker who offers a special loan program for people who have had a Ch. 7 Bankruptcy that has been discharged 12 months. Interest rate is a little higher than a good credit interest rate but MUCH lower than a sub-prime loan. Owner occupied property only, in Texas and Florida. No derog. credit since the bankruptcy, but debts are ok. Call me or email me if you want more info.
Thanks,
Chireen
chireen@usermail.com
Toll Free # 1-888-844-1433