- 2018 Posts

  1. FHFA Conforming Loan Limits 2019
  2. How 2018 Market Trends Will Affect Wisconsin Buyers
  3. No Money Down Home Loans Appleton Oshkosh Green Bay Wisconsin
  4. Benefits of using FHA for your home loan
  5. Benefits of being a homeowner
  6. Wisconsin local lender vs online lender
  7. Home Loan Pre-Approval
  8. No Money Down Home Loan
  9. Serve and Support Loans
  10. Debt Consolidation and Cash Out

+ 2017 Posts

+ 2016 Posts

+ 2015 Posts

Bankruptcy and Home Ownership

April 26, 2017

Many renters are unaware if their credit is good enough to buy a home. People often think that if they have had poor credit, a bankruptcy or a foreclosure, they will be forced to rent for years to come. The truth may surprise you. Lenders have loosened the guidelines in the past couple years, making home buying possible for many with weaker credit.

 

Worried your bankruptcy may keep you from owning a home? Lending guidelines allow for financing as soon as 2 years after your Chapter 7 bankruptcy or after 1 year in a Chapter 13. Here at GSF Mortgage, we can help you answer these questions, and give you the advice you may be looking for to enable you to purchase your dream home much sooner than you thought!

 

Typically mortgage lenders like credit scores at or above 580, but did you know you can obtain financing with scores as low as 500 with as little as 10% down?

 

Perhaps you owned a home and suffered financial hardship resulting in foreclosure. The misconception with foreclosure is that you will never get a home loan again or at least for a very long time. You may be surprised to know that you can get financed for a new home purchase in as little as 3 years.

 

Contact us today to find out how you can qualify for purchasing your dream home!

 

 

Ron Meyer
GSF Mortgage Corporation
300 Patriot Dr.
Little Chute, WI 54140
(920) 788-9608
rmeyer@gogsf.com
NMLS #222688 & 1018