Video Transcript:
A big money problem like bankruptcy doesn't mean waiting ten years for your house. The actual waiting time is often much shorter than people believe. I am David Ghazaryan, and I handle these timelines every single day. The rules change depending on the problem, like a foreclosure with its clock. For a foreclosure, the wait for an FHA loan is just three years. Other loans make you wait seven years, which is much, much longer. (Data may vary over time). The most surprising rule is for Chapter 13 bankruptcy. You can get a loan while still making payments, which gives families a very powerful new option. These shorter waiting periods only work if you show great money habits now. Lenders must see you are paying all your new bills on time. My analysis continues on these kinds of plans daily. You can find the original article and my social platforms by checking the links in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/fha-loan-after-bankruptcy-in-texas-your-timeline
