Do we stand a chance?

You should be able to purchase right away.. FHA seasoning is 1 year of satisfactory payments with no seasoning.. Meaning your chapter 13 doesn't have to be discharged.. so you can start right away... The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Hi,I am a mortgage broker in Parsippany with several banking relationships. Often times as local brokers we can address difficult situation and address specific needs. Visit us at www.rtnfinancial.com or email me at tray@rtnfinancial.comTim Ray

Hey we are a mortgage lender (not a broker) we have programs (like FHA) with guidelines that fit your situation. Any one of my loan officers would love to have you as a client. We work for you. If the information you just gave is correct, you have a high chance in obtaining a loan with a variety of programs. We are your local banker, not a "BIG BANK". Let me know. I'll give you my direct extension. 908-302-1541 or my cell 551-482-4968.Happy to Help-Armando

You should probably qualify with your debt to income ratio. What type of loan do you have now, FHA or conventional? If your current your current loan is FHA you can not have another FHA loan. I would love to discuss this with you more to look at the whole picture to see if there is anything we can do for you. Call 201-962-3555. Michelle

Based on the information you provided, it is probable that you would qualify depending on the size of the new mortgage. Start with a local Mortgage Banker/Broker, rather than one of the big banks or national mortgage factories. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have access to loan products of many lenders, not just those of one bank, and can properly guide you. But more importantly, He/She is trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950