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Mortgages After Bankruptcy or Foreclosure in Florida

What Florida borrowers should know, with county data and local pages.

If a past bankruptcy or lost home is the reason a Florida bank said no, you may still have options. Programs set their own waiting periods after a bankruptcy, foreclosure, short sale or deed in lieu, and some non-QM programs allow shorter ones than agency loans. Pick a city below to read how Florida borrowers can weigh timing against cost, which discharge and settlement records lenders commonly ask for, and how to tell your story clearly to a licensed loan officer.

Questions about mortgages after bankruptcy or foreclosure in Florida?

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Florida foreclosure process: Judicial: a Florida foreclosure is a court case heard in the circuit court's civil division, and if default is proven the court enters a judgment ordering a public sale of the property. Lenders look at when a foreclosure or bankruptcy was completed, so keep the final court or trustee documents.

Where the numbers point in Florida

Counties with the most applications denied for credit history (2024):

CountyApplications denied for credit history (2024)
Miami-Dade County4,530
Broward County4,285
Hillsborough County3,577
Palm Beach County3,097
Orange County3,010
Polk County2,878
Duval County2,585
Lee County2,020
Pinellas County2,017
Pasco County1,823
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Prefer to talk first? Call (888) 508-8976. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.

Mortgages After Bankruptcy or Foreclosure by city in Florida

Common questions

Can I buy a home while I am still in a Chapter 13 plan?

Some programs will consider it if your plan payments are on time and the trustee or court signs off on the added debt. Others wait until the plan ends in a discharge. Ask each lender how it treats the stage your plan is in and what written permission it needs. For legal questions about the case itself, talk to a bankruptcy attorney.

Can I refinance out of a non-QM loan once more time passes?

You may be eligible to refinance into an agency loan after its waiting period passes, if your credit, income and equity support it. That plan is not a sure thing, since rates and home values move. Before you sign a non-QM loan, check whether it carries prepayment terms, because those can add cost if you refinance early. Ask the loan officer to explain them in writing.

Will a past bankruptcy raise my pricing?

It may. Pricing reflects risk, and a recent event usually places a file in a higher-risk tier, especially on a non-QM program. Non-QM loans often price higher than agency loans because they carry more risk for the investor. As your on-time history grows, more programs and better pricing may become available, which is why some borrowers plan to revisit their loan later.

Other non-QM options in Florida

Bank statement loansNon-QM lendersSelf-employed1099 loansP&L loansAsset depletionNo-doc / stated incomeNew self-employedITIN loansForeign nationalNon-warrantable condoBank statement HELOCInterest-onlyBad creditSelf-employed refinanceNon-QM jumbo

Related guides

Mortgages After Bankruptcy or Foreclosure overview · Florida non-QM overview

  • 2024 HMDA denial reasons
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