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Old 09-17-2007, 10:15 AM
suppastar77 suppastar77 is offline
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Question 6 Months out of BK
I have a borrower who is looking to purchase the home he is currently renting. He has 6 months since his BK. What is the highest LTV he would be able to receive? This is all the info I have so far, so any help would be greatly appreciated.

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Old 09-17-2007, 10:26 AM
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Old 09-19-2007, 08:33 AM
Gordon Lending Gordon Lending is offline
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I believe with FHA you have to be at least 2 years out of BK (I may be mistaken). Other issues you will face are:
1- Buying home he is currently renting- Lenders are looking at this as a non-arms length transaction
2- Re-established trades after or Through BK.

Depending on score and trades pulled through BK (need 3) we have a 1 day out of BK program up to 90% LTV.
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