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Hello I want to relocate to NC and I have 2 more years to go on my chapter

Hello I want to relocate to NC and I have 2 more years to go on my chapter 13. I wanted to either pay off my chapter 13 in one year and apply for FHA loan or apply while in chapter 13 with court approval. If I ask court for approval will they say no then say hey you have more money so put more into the plan.... My credit score now is 630... Oh I currently owe a home in nj... Will FHA lend if I'm planning on moving to nc but wanted to send family down first, keep working in nj until I found job in nc or won't lend until have job in nc.... Thank you

Asked on 10:21 pm Dec 4th 2011

Anonymous

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Yes, you can obtain an FHA loan. You can apply for an FHA loan even when you are undergoing Chapter 13 proceedings. However, you have to take court approval for that. In case of an FHA loan, you are required to pay 3% downpayment.