If I have had a bankruptcy or foreclosure in the past, how will that affect my ability to obtain a new mortgage?

Your ability to obtain a new mortgage may be affected if you’ve had a bankruptcy or foreclosure in the past. We typically require that two to four years have passed since the bankruptcy or foreclosure, unless the circumstances leading up to the bankruptcy or foreclosure was beyond your control. Re-establishing a credit history with new loans or credit cards is also an important factor.

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