New Update buying a new house within the 3 years

[B65]

As you all know I had been pre approved by the VA My chapter 7 was discharged 2 years and 1 month ago, house IIB was taken 9 months after that, so that will be 2 years this coming November. My loan went to the underwriter last week I now have a commitment and a clear to close.
I will report back when we close.
Va have said if a house is IIB they will use the 2 year discharge date.

[tobee43]

keeping my fingers and toes crossed for you!!!!!!!!

we thought about the VA as well...we have a vet in the house....so we thought that may have been a choice....

we don't need a mortgage now, since we got a "rare" owner financed property....however, i'm certain many are interested in what the underwriter will do with you loan!!

i'm so hoping it goes through for you!!

[SunshineGal]

Congrats! For other reading this thread watch out for lender guidelines...what VA and the end investor will allow are not always one and the same.

[calgirl67]

As you all know I had been pre approved by the VA My chapter 7 was discharged 2 years and 1 month ago, house IIB was taken 9 months after that, so that will be 2 years this coming November. My loan went to the underwriter last week I now have a commitment and a clear to close.
I will report back when we close.
Va have said if a house is IIB they will use the 2 year discharge date.

definitely 2 yrs after discharge date NOT title transfer of house date????

[tobee43]

definitely 2 yrs after discharge date NOT title transfer of house date????

i know there has been a ton of discussion about this...however, my understanding as well is ....2 yrs after "discharge" date.

[B65]

we have our commitment, our clear to close, 2 years from discharge date, if you have a house included in bankruptcy... that is the VA and some of their lenders.

[tobee43]

that's great news!