Can you qualify for a USDA loan after a Chapter 7 Bankruptcy?

Can you qualify for a USDA loan after a Chapter 7 Bankruptcy?. Life After Bankruptcy

Can you qualify for a USDA loan after a Chapter 7 Bankruptcy? video duration 2 Minute(s) 57 Second(s), published by Metroplex Mortgage Services on 03 06 2016 - 20:53:07.

Today's video tip will shed light on how a homebuyer may be able to qualify for a USDA home loan after bankruptcy and as you will see, it may be quicker than Thoughts from a Maryland Bankruptcy Lawyer Should I pay my mortgage after bankruptcy? Well, that really depends upon if you want to keep your home.

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This short video explains Please forward this to anyone you care about who has filed for bankruptcy
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Today’s video tip will shed light on how a homebuyer may be able to qualify for a USDA home loan after bankruptcy and as you will see, it may be quicker than you think!

If you have not yet done so, remember to take advantage of our free 2nd opinion service. This is great way to get an expert second opinion and can be used for both pre-qualifications and those already under contract.

USDA loan qualifying currently requires that a Chapter 7 bankruptcy be discharged for 3 years However, USDA guidelines also allow for the following possible exception:
“An elapsed period of less than 3 years may be acceptable for a loan guarantee if the applicant can show the bankruptcy was caused by extenuating circumstances beyond their control and has since exhibited a documented ability to manage their financial affairs in a responsible manner for a reasonable period of time following discharge.”

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