Is it possible to buy a home after filing chapter 13 then chapter 7 bankruptcy?

Yes, it is possible but there are circumstances. Time is a big factor, that is how much time has passed since the chapter 7 was discharge? I know of lenders who will provide loans just one day out of bankruptcy.

But a fairly decent credit score has to be there and if its a refinance there has to be some equity in the property.

One of the most common misconceptions people have about bankruptcy is that by filing, they will never be able own a home again. While bad credit can be a stumbling block to obtaining credit for individuals who have not filed for bankruptcy, credit is not an insurmountable hurdle. The second factor at play in bankruptcy is time.

A bankruptcy stays on your credit report for 10 years but 18 to 24 months after a bankruptcy discharge, debtors can qualify for a loan. Some lenders will offer loans to individuals six months after they have had their bankruptcy discharged, however they require a 20 to 35 percent down payment. Additionally, the interest rate will be very high and the loan terms are likely to be strict.

For better rates, many individuals wait four years after their discharge to obtain a loan.

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