FHA loan after bankruptcy?

Posted on Jun 12, 2024 in FHA Information

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Mansion Perrier Dita Von Teese
mansion
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Mansion Perrier Dita Von Teese

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FHA Loans Go Far in Montana
With only a few exceptions, unhealthy the following loan limits apply to nearly all counties in the state: FHA will provide up to $ 271, mind 050 for a single family residence, visit web $ 347,000 for a duplex, $ 419,425 for a triplex and $ 521,250 for four units. A slight uptick …
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Guidelines Create Quality Jumbo Mortgages
Many lenders offer jumbo mortgages to qualified borrowers for the purchase of high end property. Jumbo mortgages are non-traditional loans that are used when purchasing homes that require mortgages above the conforming and FHA loans limits.
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no income home loan
by eyewashdesign: A. Golden

Question by Jimmy: If a Government program gives me money, try can this money be used as my income to get a home loan?
My brother died 3 months ago an I am a dependent relative. He was getting assistance from Arkansas housing authority. I am able to continue receiving assistance from the Housing Authority as long as I am the sole name on the existing loan. I have no income. Can anyone out there help me?

Best answer:

Answer by golferwhoworks
with out any income there is no loan as you cannot service the debt. You cannot be discriminated against for pubic assistance by law. Equal Credit Opportunity Act

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Question by RichardL: FHA loan after bankruptcy?
This past year, rx I went through chapter 7 bankruptcy and lost two properties in the process. The first was a rental home which was taken by the trustee as an asset. Its mortgage was in perfect standing up to the day the trustee took possession. Since then, hospital he has evicted the tenants and made known his intent to sell. However, he has not paid toward the mortgage and the mortgage company has made known their intent to foreclose, even as the trustee is preparing to sell. The second property was a Florida condo that I owned with three others. It was worth far less than the mortgage, but the mortgage was in good standing when I filed chapter 7 as well. Since then, the property mortgage and deed have not changed (I’m still officially on both) although the trustee has accepted the condo into the bankruptcy, he abandoned the property. The other owners have now stopped paying the mortgage and are weighing their options of deed-in-lieu, short sale, bankruptcy and selling out right and taking the loss. Other than this bankruptcy, my credit has been perfect for over 20 years. Base on the above, how long will it be until I’m eligible for an FHA loan? 2 years? 3 years? If it’s a certain period of time, does the time start the day I filed? The date I was discharged? The date my bankruptcy was closed or the date the last property changes hand so that my name is no longer on the deed or mortgage? I keep getting conflicting information, even from FHA lenders.

Best answer:

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