Getting Approved for a Mortgage Loan in Kentucky After Bankruptcy or Foreclosure

You may be eligible after 12 on-time payments during your repayment plan (with court approval), or immediately after discharge with FHA, VA, or Non-QM options.

FHA, VA, USDA, Conventional (after 2 years discharge), and Non-QM Portfolio Loans.

FHA typically allows for approval during Chapter 13 (after 12 payments with approval) or immediately after discharge.

Rates depend on credit recovery and loan type. Expect slightly higher-than-average rates during early post-bankruptcy stages, with the potential for competitive terms.

Low credit scores, high DTI ratios, limited assets, incomplete documentation, or lack of court approval.

Typically 2–4 weeks if all documents are ready.

Often 30–45 days from pre-approval to closing.

Yes, with 12 months of on-time payments and court/trustee approval.

Yes, under certain conditions and with approval from the bankruptcy court.

Typically 45–60 days including court approval, but may vary by case and jurisdiction.

Yes, usually available 6–12 months post-discharge if equity and credit conditions are favorable.

Yes. Rate-and-term and cash-out refinances may be available depending on credit and income.

Yes. FHA (3.5% down), VA (0% down), USDA (0% down), and KHC programs are available.

FHA 580 with 3.5% down FHA and 500+ score with 10% down payment, VA: no minimuim score but 620 preferred USDA: no minumum score but 640 preferred, Conventional: 620+, Non-QM: 500–550+

You’ll receive a custom action plan to build credit, savings, or income toward qualification.

Student loans count toward your DTI. Deferred loans typically calculated at 0.5%–1% of the balance.

Forms are available via the U.S. Bankruptcy Court website or through a licensed bankruptcy attorney.

Divorce can affect repayment and income stability. Plan modifications may be needed through court.

Loan types vary based on personal vs. business bankruptcy. FHA, VA, and Non-QM may apply post-discharge.

You’ll receive a recovery plan tailored to reestablish eligibility.

After your plan is confirmed or the bankruptcy is discharged—typically 12–24 months depending on the loan.

FHA/VA: 2 years, USDA: 3 years, Conventional: 4 years, Non-QM: as little as 1 day post-discharge.

FHA, VA, USDA, Conventional, and Non-QM—all with different credit and timeline requirements.

No hidden fees. Standard lender fees apply. Review your Loan Estimate for details.

Yes—if the home is on a permanent foundation and meets agency/HUD guidelines.