Good Morning. If you have been discharged from your bankruptcy...i.e. Chapter 13, for two years with re-established credit, you maybe eligible for an FHA loan. Otherwise, you may to wait 4 years from the bankruptcy discharge date to be eligible for a Conventional Loan. Here is a great web link to review guidelines: https://www.fanniemae.com/singlefamily/originating-underwriting . You may visit my webpage to contact me: www.amerisave.com/lo/scollins . Thanks
I got an FHA loan two years into a Chapter 13 bankruptcy. Chapter 13 is not discharged until it is paid off - in my case 5 years - so yes, you can get an FHA loan while in a Chapter 13 BK prior to discharge. You must have an impeccable payment record and no judgements filed. It was difficult, but well worth it.
Answered 11 months ago
A carpenter needs a hammer to do their job. A loan officer needs credit and full application to do his. So, anybody without all the facts is wasting your time answering the question. However, if you want 20 years of experience to answer your question contact me at ************