What kind of home loan interest rate could I get with a bankruptcy on my record?

I have a chapter 7 bankruptcy on my record from 2003, but I have no debt and a credit score of about 700. And I have $20, 000 for a down payment. If I got a home loan, would the bankruptcy make a huge difference in the interest rate? How big a difference?

Responses:

I had a bankruptcy back in 2001. My husband and I bought a house in 2004, and my credit score was about 700 as well. We had no problem getting the low interest rates that were available at the time. You have a fairly large down payment too, so depending on the cost of the house you want to buy, you should have no problems getting the lower rates. I think the standard rate right now is about 5. 5 - 6. 5%
Hello Every body, I am Juliet Willson by name, i live in Canada, just a few month ago i was in search for a loan of $ 20, 000 Dollars, as my family was running out of money for feeding and my education. i was scammed about $560 Dollars and i decided not to involve my self in such business again, finally A colleague of mine introduced me to a loan firm due to my appearance and doings. I made a trial and i am most grateful am i today, i was given a loan amount of 10, 000 Dollars by this great firm Scott Microfinance Inc, managing director Mr Scott Spencer If you are in need of a genuine or legit loan or financial istance and you can be reliable and trusted of capable of paying back at the due time of the funds i will advice you to, contact him via email scottspencer51@yahoo.com and you will be free from scams in the internet Hello Every body, I am Juliet Willson by name, i live in Canada, just a few month ago i was in search for a loan of $ 20, 000 Dollars, as my family was running out of money for feeding and my education. i was scammed about $560 Dollars and i decided not to involve my self in such business again, finally A colleague of mine introduced me to a loan firm due to my appearance and doings. I made a trial and i am most grateful am i today, i was given a loan amount of 10, 000 Dollars by this great firm Scott Microfinance Inc, managing director Mr Scott Spencer If you are in need of a genuine or legit loan or financial istance and you can be reliable and trusted of capable of paying back at the due time of the funds i will advice you to, contact him via email scottspencer51@yahoo.com and you will be free from scams in the internet
Well if you haven't been discharged from your bankruptcy usually 7 - 10 years you may still be able to qualify if you have had a good re - payment history for the last 2 - 3 years. Depending on the lender they may have mercy on your current credit or make you pay for your past. Shop around and use a credible broker
It all would depend on the amount of the mortgage and the term. Find out exactly what amount you would want financed. The shorter the term the better and lower the interest rate. For example, in Charleston - a 150K loan 15yr fixed rates lowest average percentage is at 3%. whereas a 30yr fixed, the lowest is a 5. 875% try lending tree.com you will have an answer in less than a day from several lenders. Yes. even with your bankruptcy in 03. you'd be amazed

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