Bankruptcy Closing costs Loan Officer 
HomeLight
OCTOBER 1, 2020
Bankruptcy documents. What happens before the clear to close? According to Ellie Mae’s Origination Insight Report for 2019 , the average closing takes about 47 days from start to finish. During those weeks prior to getting the green light and being clear to close, there are quite a few things that need to happen first.
HomeLight
JULY 30, 2021
Bankruptcy discharge papers. If your credit history is thin, the lender may look for other documents showing you keep up with your bills, though many lenders will require you to beef up your credit before considering you for a loan. Proof of assets, such as bank statements or investment account statements. Foreclosure documents.
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Rochester Real Estate
NOVEMBER 5, 2015
Did you know if you file a Chapter 13 bankruptcy, you can immediately apply for an FHA loan? If you have filed a Chapter 7 bankruptcy, the wait is only 2 years. Save more money for closing costs, moving expenses and an emergency fund. Happy house hunting! Buyers should also save for a down payment while waiting.
HomeLight
SEPTEMBER 30, 2021
The most important factors in calculating this are your total monthly income, your monthly minimum debt payments, cash you have on hand that will help cover a down payment and closing costs, and your credit profile. You’ll want to have a strong credit score so that you can qualify for a home loan and get a good rate.
HomeLight
JUNE 30, 2022
Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. When shopping for lenders, compare first-time home buyer programs , lender requirements, interest rates, and loan terms to make sure you are getting a good deal. Don’t forget about closing costs.
Redfin
MARCH 3, 2022
“A seasoned mortgage broker will fully analyze your situation and application, anticipate any issues, and guide you through the process to a smooth closing,” says Trey Bolen at Lendid Home Loans. It’s also important that buyers come to closing prepared with all necessary closing documents and payment for closing costs.
Seattle Times Real Estate
JUNE 9, 2025
Advertising First-in-family homeowners As home prices climb across Washington and mortgage rates remain high, the new form of down payment assistance has, for some people, “moved them from never being able to own a home to being able to own a home for the first time in their family’s life,” said Bryan LaFlamme, a loan officer in Tacoma.
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