How do I obtain a home loan after a Chapter 13 bankruptcy?

FHA & Conventional loans are available 2 years after a BK-13 is discharged. I have helped a borrower buy a home while they were paying on a Chapter-13. However, after the bankruptcy they work very diligently on their credit and reestablishing it so it was pretty simple. Feel free to call or email me any further questions at 801.523.5892 or scottm@utahdiversified.com.

I meant to say while in the bankruptcy the borrowers we able to make timely payments and re-establish credit.

Hello there. It looks like you are good to go. Your BK was discharged over 2 years ago. It also looks like you have done a good job in bringing up your credit scores. You would qualify for a Conventional or FHA loan. The Conventional loan is more credit sensitive and I like to work with clients to help them raise their scores. I am in Salt Lake and am available whenever it is convenient for you - even on Saturdays or after 5pm. Linda Miller, a Smart Loan Lady. 801.550.1222 or linda@lindamillergroup.com.

More info needed, but in general, FHA is a 3 year waiting period, Conventional is 4 years, so long as a home was not included.. if there was a foreclosure associated with the BK, then conventional is 7 years.. USDA is 3 years but you must purchase in a USDA defined area.. VA is 2 to 3 years, but you must have VA benefits available to you.. so, basically, if you have no foreclosure, then you can use any of the available programs.. if there was, then you can use FHA, VA, USDA.. I'm a preferred Lender with Arizona and California being my primary markets. 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

USDA can be done after 3 years from the Chapter 13 discharge date. Conventional is 2 years after the discharge date. FHA and VA a borrower can be one year into the BK 13, satisfactory payment performance, and permission from the court to enter into a mortgage.

Hi SB3521233,Just to clarify a couple incorrect posts regarding guidelines.FHA only requires a 1 year wait after a chapter 13 is discharged as long as mortgage was not included in the BK. If a mortgage was included then FHA reverts to their foreclosure guidelines which requires a 3 year wait from the day the bank takes back title to the home.A conventional loan (Fannie Mae) only requires a 2 year wait after a chapter 13 discharge even if a mortgage was included.| Please feel free to contact me for more information or help. | John Burke | Senior Mortgage Banker | Great Plains National Bank http://www.valoansdoneright.com | (877)228-9069 | Lending in ALL 50 states