What is a Waiting Period After Chapter 7 and Chapter 13 Bankruptcy

What is a Waiting Period After Chapter 7 and Chapter 13 Bankruptcy. Qualify For Mortgage After Foreclosure And Bankruptcy With NON-QM Loans

What is a Waiting Period After Chapter 7 and Chapter 13 Bankruptcy video duration 2 Minute(s) 28 Second(s), published by Gustan Cho Associates on 12 12 2018 - 02:42:10.

There are mandatory waiting period requirements on Government And Conventional Loans After Bankruptcy And Foreclosure
Government Loans are In this video, Kevin Hanly interprets mortgages referring to a chapter 13 bankruptcy plan
Including how a mortgage and multiple mortgages will be dealt with in .

http://www.craigbosse.com What are the waiting periods to get a new FHA home loan after a Foreclosure, Short-Sale or Bankruptcy? Find out in this video Can you get a mortgage after bankruptcy? Today on Debt Free in 30 I talk with mortgage agents Michael Smele and Bev Gay about whether it's possible to buy a Qualify For Mortgage After Foreclosure And Bankruptcy With NON-QM Loans Back in the late 1990s and early 2000s, real estate was the hot item ticket
Prior to .

There are mandatory waiting period requirements on Government And Conventional Loans After Bankruptcy And Foreclosure.

Government Loans are residential home loans insured by a government agency
Government Loans are owner occupant mortgages
Second homes and investment homes are not insured by any government agencies
Second and Investment Home Loans are conventional loans, which are not guaranteed by the government
Government Loans And How Agencies Guarantee Lenders
Here are the three government loans:

HUD insures FHA Loans
Department of Veterans Affairs insures VA Home Loans
U.S. Department of Agriculture Rural Development insures USDA Loans
By government guarantee and insurance, the above agencies will insure lenders in the event borrowers were to default on the home loan. In order for government agency to insure lenders, mortgage lenders need to follow their specific mortgage guidelines.

Fannie Mae And Freddie Mac Guidelines On Conventional Loans
Conventional Loans are not government loans.

Conventional Loans are called conforming loans
Reason it is called conforming loans is because they need to conform to Fannie Mae and/or Freddie Mac Guidelines
Why do they need to conform to Fannie and/or Freddie Guidelines if they are not insured by the government?
Fannie Mae and/or Freddie Mac will not purchase loans by lenders that do not meet their lending guidelines
Mortgage Lenders do not want to hold the loans they fund for 30 years
They use their warehouse line of credit to fund conventional loans
After funding, lenders will sell these loans on the secondary market to either Fannie Mae and/or Freddie Mac
In order for Fannie/Freddie to purchase conventional loans, they need to conform to their guidelines
Waiting period after bankruptcy and/or foreclosure are one of the guidelines for Fannie Mae and Freddie Mac

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