Click To View Links

Banruptcy Question on Mortgage Applications

by Anonymous
(United States)

Mortgage application section VIII declarations

Mortgage application section VIII declarations

I was discharged from a chapter 13 bankruptcy. It has been over ten years and does not show up on my credit report. I have built my credit score up to the mid 700's. My questions are;

1) Do all mortgage applications ask about prior bankruptcy filings?

2) Do mortgage lenders check PACER (or sites like PACER) for past public records?

3) And for the big question.....if I have to answer a question (lie) about bankruptcy and it does not show up on my credit report, will the mortgage company investigate my past public records without a reason from the credit report?



Thank you for coming by my website and asking your questions. These are some very good questions I might add.

In answer to #1, yes they do ask for any past bankruptcy filings. However as you can see in my snapshot of the loan application they are only concerned about the past 7 years. So you could honestly answer "No" in the declarations section of the loan application. You will find this on page 3 of Fannie Mae form 1003.

Since it does not show on your credit report and you will be saying "No" about bankruptcy in the last 7 years, in answer to #2 & #3 I would say they will not research you in any public records.

I do want you to know that the lender reserves the right to do any background research they want to.

You just want to be honest on the application and only provide information as needed to the lender. They are more than capable of turning up any concerns they have and will be asking you questions if they have any problems.

My guess would be you should have no problems since your credit score is good. If you have income and are not carrying a lot of debt so it does not mess up your DTI (debt to income) ratio you should be fine everything will work out.

If you want to apply online for a mortgage you can visit a page on my site here. Or contact a lender in your area.

I hope you find this helpful. Please tell others about my website and help spread the word about this FREE resource.

Click here to post comments

Return to Bankruptcy Questions.

Recent Articles

  1. Kansas First Time Home Buyer Grants

    Dec 03, 18 04:09 PM

    Looking for Kansas first time home buyer grants for your down payment? Find the best assistance programs for home buying in Kansas on this page.

    Read More

  2. Iowa First Time Home Buyer Grants

    Nov 29, 18 01:15 PM

    Research Iowa first time home buyer grants here! Live your dream by obtaining grants for home buying in Iowa! The coolest list of home mortgage grants you can find.

    Read More

  3. Indiana First Time Home Buyer Grants

    Nov 27, 18 03:14 PM

    Reviewing Indiana first time home buyer grants to purchase a home? Find the best grants, programs for home buying in Indiana and other assistance on this page.

    Read More

Buyer Programs

fha loans

The FHA Loan Products

Home Buyer Grants

zero down home loans

Zero Down Home Loans

Follow Us On Twitter

follow me on twitter