Yes, generally a bankruptcy won’t preclude a borrower from obtaining a FHA Loan. Ideally, a borrower should have re-established their credit with a minimum of two credit accounts such as a car loan, or credit card. Then wait two years since the discharge of a Chapter 7 bankruptcy, or have a minimum of one year of repayment for a Chapter 13 (the borrower must seek the permission of the courts). Also, the borrower should not have any credit issues like late payments, collections, or credit charge-offs since the bankruptcy. Special exceptions can be made if a borrower has suffered through extenuating circumstances like surviving a serious medical condition, and had to declare bankruptcy because the high medical bills couldn't be paid.
We know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention.
For immediate assistance:
877.237.9694
support@mazzogroup.com
JJ Mazzo
Sr. Mortgage Advisor
NMLS186548 / AZ MLO Lic# 0913442
CrossCountry Mortgage
31351 Rancho Viejo Road,
Suite 201, 202, 203, 207,
San Juan Capistrano, CA 92675
NMLS3029 / NMLS1790854 An Equal Housing Opportunity Lender / www.nmlsconsumeraccess.org
RESIDENTIAL MORTGAGE LOAN SERVICERS ARE REGULATED BY THE OREGON DIVISION OF FINANCIAL REGULATION. TO FILE A COMPLAINT, CALL (888) 877-4894 OR VISIT HTTP://DFR.OREGON.GOV.
THIS SITE IS NOT AUTHORIZED BY IDAHO DEPARTMENT OF FINANCE. PHONE NUMBERS DISPLAYED ARE NOT FOR USE BY IDAHO BORROWERS. NO MORTGAGE SOLICITATION ACTIVITY OR LOAN APPLICATIONS FOR PROPERTIES LOCATED IN THE STATE OF IDAHO CAN BE ACCEPTED THROUGH THIS SITE.
THIS SITE IS NOT AUTHORIZED BY THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES. PHONE NUMBERS DISPLAYED ARE NOT FOR USE BY NEW YORK BORROWERS. NO MORTGAGE SOLICITATION ACTIVITY OR LOAN APPLICATIONS FOR PROPERTIES LOCATED IN THE STATE OF NEW YORK CAN BE ACCEPTED THROUGH THIS SITE.