Bankruptcy Mortgage Program

Contrary to popular belief, filing for bankruptcy is not the end of the world. So whether you filed for Chapter 7 or Chapter 13 bankruptcy, you could still be eligible for a bankruptcy mortgage loan. Home buyers can still get financed for a mortgage despite having filed for bankruptcy in the past and should consider our FHA purchase loan options.

Our Bankruptcy home loan programs are designed to help you re-establish your life and get your finances in order. It also helps you with opportunities that you may not have otherwise such as a chapter 13 bankruptcy refinance loan or financing to purchase your own home. If you have a bad credit history, which you are most likely to have, importance will be given to many factors to include - income verification and down payment - in order to get a mortgage loan.

Usually most lenders require you to wait for at least 2 years from the time of the bankruptcy discharge. After the 2 years are over, you will have a better opportunity to qualify for financing a home purchase or to refinance a mortgage. At 1st Continental Mortgage, you could potentially get financing to buy a home in as little as 30 days after your bankruptcy discharge! We even have up to 100% finance options available for well qualified home buyers.

For eligible home buyers looking for a mortgage after Bankruptcy, keep in mind that 1st Continental Mortgage will consider eligible applicants in which your chapter 7 bankruptcy case has been discharged. For chapter 13 buyout clients, beyond standard qualifying, you must have trustee approval for the buyout and you must have made all payments to the court on time.

Find out more about our various bankruptcy mortgage options by contacting 1st Continental Mortgage today!