Does filing for bankruptcy mean I can never qualify for the state's morgage assistance program?
A prior bankruptcy doesn't automatically preclude you from obtaining a mortgage from the State of New York Mortgage Agency (SONYMA). SONYMA does require that at least three years have passed since your bankruptcy was discharged. In addition, you must re-establish good credit and have a satisfactory explanation for your bankruptcy. Click on More Info below for details on bankruptcy and how it could effect your SONYMA application.
Bankruptcy questions and answers
Frequently asked questions and answers about bankruptcy and how it can effect a SONYMA application.