Can I get a mortgage after a converted chapter 13 bankruptcy to a 7?

I’ve been renting for 3 years now after filing Chapter 13 in 2007. I’m converting to a 7. Will I be able to get a mortgage once the 7 is filed very soon after? My lease is up in May. I don’t have anything for a down payment or closing costs.


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4 Responses to “Can I get a mortgage after a converted chapter 13 bankruptcy to a 7?”

  • Wayne Z says:

    Sure…..in about 7-10 years.

    Also, the days of the no money down home purchase are long behind us.

  • The Nator says:

    haha you’re bankrupt

  • Annie says:

    i;m not certain what the laws are now, there have been a lot of changes in bankruptcy laws in the past couple years. juet a few years back you could get a mortgage after just two years, the idea being they could always repossess your house if you didn’t pay up. after all, it wasn’t going anywhere.

  • FRANK says:

    There is a wait after discharge of the chapter 7. The government has regs, and then the lending institution can make them loans requirements stricter. At present, the only 100% financing are government loans: USDA and VA loans. If you have any late payments after the discharge of the bankruptcy, that will most likely disqualify you from loan.

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