Can I Get a Mortgage After Chapter 7 Bankruptcy?

For many people who have gone through a Chapter 7 bankruptcy, the thought of ever owning a home again may seem like a pipe dream. But the reality is that it is possible to get a mortgage after Chapter 7 bankruptcy, although there may be some challenges along the way.

The first thing to keep in mind is that you will need to wait at least two years after your bankruptcy has been discharged before you can even apply for a mortgage. And when you do apply, you will likely need to provide some explanation as to why your financial situation has changed and why you are now able to afford a mortgage.

Another thing to keep in mind is that your credit score will probably take a hit after bankruptcy. This means that you may not qualify for the best interest rates or terms on your mortgage.

The Law Offices of Omar Zambrano has helped thousands of people and them businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706