"How Long After Car Repossession Can I Get A Mortgage"

According to most mortgage lenders, you’ll have to wait at least two years after a car is repossessed before you can qualify for a mortgage. Some lenders may require a waiting period of three years or more. The waiting period is meant to give you time to rebuild your credit score and demonstrate that you can handle credit responsibly.

If you’re hoping to get a mortgage sooner than two years after your car is repossessed, there are a few things you can do. First, try to negotiate with your lender to have the repo removed from your credit report. This is sometimes possible if you catch the repossession early and make all your payments on time thereafter.

Another option is to apply for a “non-qualified mortgage.

The Law Offices of the Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706