I have been out of Chapter 7 for 15 months. How soon until I can apply for FHA loan? by rkobes537 from Eunice, New Mexico. Sep 9th 2020
24 months for FHA from Discharge for chapter 7 BK. Feel Free to contact us with any additional questions you may hare.
FHA has a 24 month 'penalty' period. To make sure you are eligible for he best terms, make sure you are using this time to clean up your credit report, to make sure everything is reporting correctly. Also, you will want to make sure you have re-established some credit, so you have a positive post-bankruptcy credit report. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in Arizona, California, Georgia, Oregon, and Washington. Need help in other states? We've got you covered. NEXA Mortgage is licensed in 46 states ~ www.ApplyYes.com 480-889-9000.
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