How long can I buy a house after chapter 7? Well, you will have to wait at least 4 years after a court discharges or dismissal your bankruptcy to be eligible for the conventional loan. Apart from that, to get a USDA loan, you will have to wait at least 3 years after your bankruptcy dismissal or discharge.
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How do I qualify for first-time home buyer loans? Well, to qualify for the home buyer loans, you should have a reliable source of income, a debt to income ratio that falls within permissible guidelines, a fair or good credit score, and a down payment. If you have all this, you can easily be eligible for first-time home buyer loans.
Want to know how to become a licensed mortgage broker? Well, to become an authorized mortgage broker, you should take a pre-licensure mortgage broker class, pass the NMLS test, set your mortgage brokerage, and last can get your license. By following all points, you can become a licensed mortgage broker.
Are you eager to get the benefits of being a first-time homebuyer? If yes, you have to follow some requirements to get the benefits of being a first-time homebuyer. You should have a good credit score; moreover, you also should have cash reserves in the bank. If you follow both requirements, you can get the benefits of being a first-time homebuyer.
Do you want to be a mortgage broker? If yes, well, to be a mortgage broker, you have to firstly earn a high school diploma, take a pre-licensure class, pass the NMLS test, establish your mortgage brokerage, apply for a mortgage broker license, and maintain your license. This is all that you need to do to be a mortgage broker.