Q & A with The Go To Guys…..When can you purchase a home after Bankruptcy?

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Dear Go To Guys,
When Can I Repurchase Again After Bankruptcy?

Answer:
This is a question we often get asked. It all depends on which type of financing you are looking to get.

Conventional: For a chapter 7 Bankruptcy it is 4 years and 2 years for a chapter 13 bankruptcy, before a buyer can repurchase again using Conventional financing.

FHA: For a chapter 7 Bankruptcy it is 2 years and 1 year for a chapter 13, before a buyer can repurchase again using FHA financing. Or, see above for how a buyer can qualify again after just 1 year if they experienced an economic event.

VA: For a chapter 7 Bankruptcy it is 2 years, and 1 year for a chapter 13 bankruptcy, before a buyer can repurchase again using VA financing.

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If you have additional questions about purchasing a home after Bankruptcy, call The Go To Guys at 770.924.1111.

Also, for more information, see our blog:

http://mortgagesolutionsofgeorgia.net/…/how-to-buy-a-home-…/