I'm looking to buy a home in Gardner, Kansas. The problem is I have a recent bankruptcy. Can I get a mortgage loan?

 Email Inquiry: I'm looking to buy a home in Gardner, Kansas. The problem is I have a recent bankruptcy. Can I get a mortgage loan?

Real Estate Wizard: Yes, a home buyer can obtain a USDA Rural Development mortgage loan 1 day out of bankruptcy provided that the minimum FICO scores are at a 620 minimum and you have compensating factors like extra reserves, long work history or low income to debt ratios.

If you don't have compensating factors, lets get together and discuss. We can help you get on track so you can get into your home in the next 3-4 months.

In addition, a home buyer can obtain a USDA mortgage loan with compensating factors 1 day out of a short sale or a foreclosure.

Need help, give us a call. We know mortgage professionals that would be happy to educate you about the USDA Rural Development mortgage loan.

RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty

Comments are appreciated! Go ahead and add your 2 cents . . .
We have 3 easy steps to find you the perfect home . Click here to get started, today!