Chapter 7: You must wait at least 2 years after the discharge or dismissal date before you can refinance your loan. The 2-year standard only applies to government-backed loans like FHA loans and VA loans. Most lenders require that you wait 4 years after your discharge date for a conventional loan.
Also know, can I get a Heloc after Chapter 13 discharge?
Can I Get a Home Equity Line of Credit After a Chapter 13 Bankruptcy Discharge? Yes, if you have kept your credit clean, and if you have enough equity in your home, you will be able to get a HELOC after Chapter 13 bankruptcy. The conventional lenders who provide HELOC loans are not all the same.
Additionally, can you do a streamline refinance after Chapter 7?
FHA Streamline Mortgage Process During Bankruptcy
Borrowers cannot qualify for a streamline during an active Chapter 7 bankruptcy process. … There is no waiting period seasoning requirement after a Chapter 7 Bankruptcy. Borrowers can qualify for streamlined refinancing during an active Chapter 13 Bankruptcy.
How long after Chapter 7 Can I get an FHA loan?
How long does it take to rebuild credit after Chapter 7?
Take your time.
The amount of time it takes to rebuild your credit after bankruptcy varies by borrower, but it can take from two months to two years for your score to improve. Because of this, it’s important to build responsible credit habits and stick to them—even after your score has increased.