Remove Bankruptcy Remove Earnest money deposit Remove VA loan
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The Best Mortgage Blogs From 2017 | Advice For Home Financing

Rochester Real Estate

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. A government VA loan has excellent advantages with no down payment requirement, more flexible credit underwriting, and more flexible debt to income ratios.

Finance 52
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21 Dos and Don’ts When Buying a Home

HomeLight

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Transaction details: the purchase agreement and a copy of your earnest money deposit. Some loan programs, such as those backed by the FHA , allow for a down payment as small as 3.5% Bank statements.