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Can I get a mortgage if I have a history of bankruptcy or foreclosure?
Posted : 28/04/2024 3:40 pm
You can still get a mortgage even with a history of bankruptcy or foreclosure, but it may be more difficult. You will have to wait for a certain period of time, which depends on the type of mortgage you want, and you will also need to improve your credit score. The following waiting periods are typical ¹:
Conventional mortgage: several years
FHA loan: shorter waiting period compared to conventional mortgages
VA loan: shorter waiting period for those who experienced bankruptcy or foreclosure
USDA loan: usually shorter compared to conventional loans
Posted : 30/04/2024 5:13 pm