Minimum 24-48 months since bankruptcy discharge. 6-8 Bankruptcy discharged within last 12 months. Poor payment record with limited 90 day, isolated 120 day lates. Stable current employment. Please note that the figures shown here are general guidelines and may vary from lender to lender.
Exceptions are always possible with strong compensating factors that reflect low credit risk.
Some compensating factors are history of savings, long-term job stability, history of making monthly credit payments that equal or exceed the proposed payments, a substantial down payment or a large cash reserve after the close of escrow. Contact Us Mortgage-X is an independent information service and is not affiliated with any lending institution.