Bankruptcy Debt-to-income ratio Loan Officer 
Redfin
AUGUST 5, 2025
Key takeaways: It is possible to buy a house after bankruptcy and many individuals successfully achieve home ownership post-bankruptcy. Waiting periods for mortgage eligibility vary depending on the type of bankruptcy and loan program. Many individuals successfully purchase a home after navigating the bankruptcy process.
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. This fantastic article has detailed some nuances that aren’t as talked about such as second tier entitlement, residual income, and purchasing a multifamily.
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Housing Wire
MAY 7, 2025
She was a responsible borrower but made a mistake: she had lost track of her student loan payments and was 60 days late. The client, who logged into her student loan portal and made a payment, is now in limbo about whether a new credit report needs to be pulled in her 90-day escrow, the loan officer at Guild Mortgage told HousingWire.
Housing Wire
NOVEMBER 10, 2020
As is true with loans sold to Fannie and Freddie, non-QM lenders must ensure the borrower can pay back the loan and is credit-worthy. But unlike Fannie and Freddie, most non-QM loans rely on the borrower’s credit score and the loan-to-value ratio on the loan, rather than the debt-to-income ratio.
Realty Biz
JANUARY 20, 2023
You'll need to provide documents such as: Valid ID and Social Security number Recent pay stubs W-2 or I-9 forms from the past two years Federal tax returns Recent bank statements Details on long-term debts like car or student loans Your loan officer, mortgage broker, or home lending advisor sends this information to the underwriter.
Realty Biz
SEPTEMBER 30, 2023
Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance. For example, you can get approved for an FHA loan with very low credit scores. Reduce your existing debt. These government-backed programs often have more lenient credit requirements.
Redfin
MARCH 3, 2022
To avoid a closing delay or, even worse, the sale falling through, it’s essential to be upfront and honest with your loan officer. Give your loan officer full disclosure from the start – tell us everything. Any changes to employment status could force the lender to decline the loan even at this point.”.
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