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I’ve been married for 8 mo. now. I filed bankruptcy in 2005 & it will be two years old in Nov. 2007. My credit score is 638. I met with a mortgage broker & was told that if I get a mortgage now, it will be 10% down & 10% interest rate. If I wait until Nov., I was told I could get no money down & a 6% interest rate. I want to wait, but my husband has found a home that we have absolutely fallen in love with. My husband will be declaring bankruptcy for debts prior to our marriage within a month. Will I still get qualified for a loan now or in Nov., or will I have to wait until his bankruptcy is discharged or two yrs. old first? We have another broker saying he’ll qualify my husband as a first-time homebuyer, regardless of his credit, & add me as a co-borrower. I’ve owned a home in the past that never defaulted or went into foreclosure. We currently pay $ 675/mo. for a place we’ll never own. We own our vehicles & no debt expenses other than utilities, neccessities, & insurance.

4 Thoughts on Will I qualify for a home loan even after my husband files bankruptcy?
  1. Reply
    June 11, 2011 at 3:47 am

    good luck i hope you get your loan. I don’t think his bankruptcy will look good.

  2. Reply
    shelton s
    June 11, 2011 at 3:51 am

    There are Lender’s who can get you a loan rite after a BK it would be better to first get the house and then file. you can always re-finance in a couple of years.

  3. Reply
    June 11, 2011 at 4:47 am

    I am a loan officer and the best way i see here is i can get you qualify and then you don’t have you put your husbands’ name on the papers. Later when his bankruptcy is discharged you can refinance and get his name on papers as well! This way you dont’ have to wait till Nov 2007 when you are out of bankruptcy!

    Mohit Madaan
    Loan officer
    [email protected]

  4. Reply
    June 11, 2011 at 4:54 am

    You are doing the right thing by consulting with a professional, but another thing you may want to do is simply walk into your bank and speak with a loan specialist. Ask them as many questions as possible and be honest about your situation. You will get free advice and you can compare what that person told you with whatever advice you received prior to your visit. Don’t be afraid to write your questions down and ask them. It is better to be fully informed.

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