SC Bankruptcy


Can I get a Mortgage or Refinance after filing for Bankruptcy?


There are lenders who will work with debtors on financing a mortgage or refinancing after filing Bankruptcy.


Below are some main points:


- Loans available 1 day after Bankruptcy discharge, foreclosure or short sale


- Debtor in Chapter 13 Bankruptcy can refinance after 1 year from the start of Bankruptcy filing


- FHA loans available 2 years after Chapter 7 Bankruptcy discharge


- Conventional financing available 4 years after Bankruptcy discharge


- Down payments and rates depend on when the Bankruptcy was filed


- No prepayment penalties so loans can be refinanced

You can find additional information on programs offered HERE and HERE .