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is there any bank financing mortgages while u are chp13

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Icon Mini Profile jlbec87





Joined: 15 May 2011

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Post Posted: Sun May 15, 2011 8:26 pm    Post subject: is there any bank financing mortgages while u are chp13
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Icon Mini Profile jameshogg
jameshogg




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Post Posted: Sun May 15, 2011 11:50 pm    Post subject:
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Hi jlbec,

When you are in Chapter 13 bankruptcy filing or any other type of bankruptcy filing, none of the lenders will be ready to offer you a mortgage. After a Chapter 13 bankruptcy discharge, you need to wait for 1 year in order to get a FHA loan and 2 years to get a conventional mortgage.

Thanks
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