Average Rates as of 02/08/16
30 yr Fixed:
15 yr fixed:

Apply Online
About Us

  • FHA Mortgage Refinance
  • FHA Streamline Refinance
  • FHA Secure Program
  • Chapter 13 Payoff
  • Avoid Foreclosure
  • Purchase

  • FHA Purchase Loan
  • Guidelines
  • Credit Scores
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • Foreclosures
  • FHA Mortgages with Chapter 7 Bankruptcy

    Even with a Chapter 7 bankruptcy in your past, our FHA loan programs can still help you refinance your existing property or purchase a new property.

    Here are the general guideline requirements for borrowers seeking an FHA mortgage after a Chapter 7 Bankruptcy:

    • Chapter 7 bankruptcy must be discharged for (2) two years or more upon date of funding
    • Credit must be re-established after bankruptcy discharge and in good standing - no evidence of credit abuse
    • Provide letter of explanation (LOE) with loan application describing reasons for bankruptcy and the measures put in place to avoid in the future
    • Borrower must still qualify in all other areas, including job history and income requirements

    With a non-FHA, conventional mortgage program, you generally have to wait 4 years after your discharge before you can qualify for a new loan - and you normally pay a higher rate and require more money down.

    If you filed for Chapter 13 bankruptcy, please read about the Chapter 13 bankruptcy FHA program.

    FHAMortgageDirect.com | Chapter13Refi.com

    FHAMortgageDirect.com is not a part of HUD or FHA. Loans are insured by the Federal Housing Administration (FHA) for those that qualify.