As I continue to blog, I get questions that are great. I find that I make some assumptions that people understand certain issues, but they may not. Today, an old client came in to discuss credit after their bankruptcy. They wanted to know what an FHA loan is.
As I previously blogged on the best ways to get a mortgage (Part 1, Part 2) after a bankruptcy, I mentioned that is most likely that people will best qualify for an FHA mortgage 24 months after their discharge date because the down-payment requirements are best suited for a person coming out of a bankruptcy.
If you need a good mortgage person, make sure you call your Chester County bankruptcy lawyer to see if they have a good referral for you.