Asked by Charles  |  Submitted September 18, 2014

How long do I have to wait after bankruptcy until I can refinance?

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  Answers  |  2

September 19, 2014

Hi Charles - it depends on the lender. The standard answer is 7 years. Most of the big institutions stick with that. But there are several mid-sized lenders that allow BK outside 4 years. Find a Direct Lender with multiple correspondent investors. Let them scour the guidelines for a 4 year lender. Guaranteed Rate has at least 3 of these lenders. Good Luck!

$commenter.renderDisplayableName() | 11.23.20 @ 21:57


September 20, 2014

You can buy 1 day after a Short sale, Foreclosure, or Bankruptcy. You would need 20% down. Rates vary based on your credit after you come out of any of these events.

$commenter.renderDisplayableName() | 11.23.20 @ 21:57