How Long after Bankruptcy should I wait before Applying for a Mortgage?

Going through a bankruptcy, either personally or with your business, can affect your ability to qualify for a mortgage. Your credit score may drop, and you may need to wait before applying for a home loan. It all depends on the size of your down payment and how high of an interest rate you can tolerate. Here’s what you need to know if you have been through a bankruptcy: Types of Bankruptcy There are three common types of bankruptcy: Chapter 7, Chapter 11 and Chapter 13. Chapter 7 and 13 are for personal debts while Chapter 11 is for business debts. With Chapter 7, most of your asse...

February 27th, 2019 | Mortgages, Bankruptcy, Apply, How Long after Bankruptcy should I wait before Applying for a Mortgage?


Are you ready for your tax return? What are you planning to do with it? Did you know that you can use it to purchase a home? Western Ohio Mortgage Corporation offers home purchase programs that require little to no money down! Click Here for More Information    One of our most popular home purchase programs is the USDA/Rural Development program. This allows for no money down for those who qualify. This program has both a straight-forward purchase option as well as a rehabilitation program. The USDA/RD Rehabilitation program allows borrowers to finance their eligible repa...

March 10th, 2017 | bankruptcy, FHA, Home Loans, Ohio, Top Lender, tax return, USDA, USING A TAX RETURN TO PURCHASE A HOME!


On August 15, 2013, The U.S. Department of Housing and Urban Development announced a new program designed to assist homebuyers who have been faced with difficulty in getting a home mortgage.  The FHA BACK TO WORK PROGRAM provides relief to borrowers who have experienced a reduction in income that in turn resulted in a Foreclosure or Bankruptcy.  Typically, if one of these events occurs in a borrowers credit profile, they must wait 2-3 years to be eligible for any type of mortgage financing.   With the Back To Work Program, the borrower will onl...

August 28th, 2013 | bankruptcy, foreclosure, FHA BACK TO WORK PROGRAM

Main Office (Sidney)

733 Fair Rd.
Sidney, Ohio 45365

Lebanon Branch

901 N Broadway
Lebanon, Ohio 45036

Mason Branch

7588 Central Parke Blvd Suite 314
Mason, Ohio 45040

Phone: 800-736-8485
Fax: 937-497-9020
NMLS: 9601
We are licensed in the following states: Ohio: MB-801814.000, Indiana: 15536, Florida: MLD154, Kentucky: MB72955;