Our Ch. 13 bankkruptcy was discharged 6/10/13.Our foreclosure was filed 9/16/10 and the house was sold on 1/25/11. (We have written proof that it was sold.)Can my husband qualify for a VA Loan now? (We are being told by mortgage brokers that we must wait 2 years after discharge.)THANK-YOU...WE NEED A DEFINITE ANSWER. caroletter@msn.com

Yes you need at least two years.

Yes, two years.

You have 2 timelines involved.. the first is the Foreclosure.. VA requires 2 years from the date the deed was taken out of our name.. not the date you moved out of the house... and the BK 13 requires that you have been 1 year of on time payments. So based on the guidelines, you would qualify.. however VA does not lend money.. they only insure loans against default.. the lenders, or those with the $$$, will oftentimes have their own set of guidelines called overlays.. it's these overlays that require you wait even longer.. most VA lenders want to see 3 years for the foreclosure.. and some want to see 2 years for the BK regardless of what VA requires.. If you deal with a mortgage broker rather than a local bank, you might have better luck.. brokers deal with many different lenders, where banks/credit unions have only one lending program.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

I'm a lender here in South Carolina. Based on the stated information we can help you and your husband. Please take a few minutes and give me a call tomorrow in my office (866) 247-9992 or (843) 272-0442. Located in North Myrtle Beach and look forward to talking with you. By the way, we might have some other options as well. Bob

Based on the information given you should be okay in meeting requirements for both the CH13 and the foreclosure. However, until your full qualifications and credit report are reviewed it is not possible to be definite. Only that those two issues by themselves do not automatically prevent you from being approved. Only that those two issues by themselves do not automatically prevent you from being approved. I am here in SC and have been a mortgage banker for 11 years closing around 1100 loans. If you have questions please feel free to contact me or apply on my website http://pdumouchel.primelending.com or email pdumouchel@primelending.com - Good luck!

The Foreclosure should be fine after the 3 years and as long as your Chapter 13 has 12 months good payment history we should be okay. Let me know if I can help. P: 888-320-7888 - www.MortgagesforAmerica.org - Ken Burrows

Need to wait 2years-

You will need to wait at least two years before he will be eligible again.

Maybe...the new "Back To Work Program that took effect last month helps folks get a second chance after only 12 months but it doesn't totally overlook your credit scores. It's a GREAT new program and will help thousand of people who have lost their homes to foreclosure to become home owners again. To receive a FREE Report that explains everything, visit www.backtoworkprogram.com or email me at askbobbywallace@gmail.com . Get started as quick as possible because inital guidleines state that this program only last for 12 months! Good luck!