Debt Settlement Versus Bankruptcy Mortgage Guidelines
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Debt Settlement Versus Bankruptcy Mortgage Guidelines

ByGustan Cho Posted on

Debt Settlement Versus Bankruptcy: A Guide for Mortgage Borrowers in 2024 If you’re juggling debt and trying to figure out your next step, the decision between debt settlement versus bankruptcy can feel overwhelming. Both options can help you take control of your financial future, but they also have long-term effects on your credit, financial stability,…

Reestablishing Credit After Bankruptcy
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Reestablishing Credit After Bankruptcy For Mortgage Loan Approval

ByAlex Carlucci Posted on

Reestablishing Credit After Bankruptcy: Your Step-by-Step Guide to Homeownership in 2024 Going through bankruptcy is tough, but it doesn’t mean you’re locked out of a bright financial future. Reestablishing credit after bankruptcy is not only possible—it’s the key to unlocking new opportunities, including buying or refinancing a home. In this guide, we’ll walk you through…

Mortgage Guidelines After Bankruptcy and Foreclosure
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Mortgage Guidelines After Bankruptcy and Foreclosure

ByGustan Cho Posted on

Mortgage Guidelines After Bankruptcy and Foreclosure in 2024 If you’ve been through bankruptcy or foreclosure, you might feel like owning a home again is out of reach. The good news? It’s not! It’s possible to secure a mortgage even after experiencing bankruptcy and foreclosure; we’re here to guide you through the process. With the correct…

Chapter 11 Bankruptcy Guidelines on FHA and VA Loans
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Chapter 11 Bankruptcy Guidelines on FHA and VA Loans

ByGustan Cho Posted on

How to Get a Mortgage During or After Chapter 11 Bankruptcy (2024 Updates) If you’re recovering from Chapter 11 Bankruptcy, you might feel unsure about your chances of buying or refinancing a home. But the good news is, you can still qualify for a mortgage, whether you’re in the middle of the repayment plan or…

FHA Chapter 13 Bankruptcy Guidelines
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FHA Chapter 13 Bankruptcy Guidelines

ByGustan Cho Posted on

FHA Chapter 13 Bankruptcy Guidelines allow homebuyers and homeowners to qualify for FHA loans for home purchases and refinance during and after Chapter 13 Bankruptcy. FHA and VA loans are the only two loan programs allowing borrowers to qualify for a mortgage during the Chapter 13 Bankruptcy repayment plan. Dustin Dumestre, a senior loan officer…

FHA Loan After Bankruptcy In California
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FHA Loan After Bankruptcy In California With Bad Credit

ByAnngelli Abenes Posted on

FHA Loan After Bankruptcy in California: Your Path to Homeownership in 2024 If you’ve been through bankruptcy, you might feel like homeownership is out of reach. But here’s the good news: getting an FHA loan after bankruptcy in California is not only possible, but it could also be the fresh start you’re looking for. In…

FHA Loan After Bankruptcy in New Mexico
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FHA Loan After Bankruptcy in New Mexico in 2024

ByAnngelli Abenes Posted on

Your Complete Guide to Getting an FHA Loan After Bankruptcy in New Mexico [2024 Edition] If you’ve gone through bankruptcy, the idea of buying a home again might feel overwhelming. But don’t worry—there’s good news! Even if you have filed for bankruptcy in New Mexico, you can still qualify for an FHA loan. FHA loans…

FHA Loan Chapter 13 Bankruptcy Discharge
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FHA Loan Chapter 13 Bankruptcy Discharge Mortgage Guidelines

ByAnngelli Abenes Posted on

Just finished dealing with a Chapter 13 bankruptcy and thinking about getting a new house or refinancing the one you’ve got? Great news—you’re on the right track! A lot of folks might tell you that dreaming of a new mortgage is a no-go after bankruptcy, but that’s not the case. Believe it or not, owning…

FHA Loan After Chapter 7 Bankruptcy
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FHA Loan After Chapter 7 Bankruptcy Mortgage Guidelines

ByAnngelli Abenes Posted on

Government and conventional loans require a mandatory waiting period after bankruptcy. Non-QM loans one day out of bankruptcy does not have waiting period requirements. However, a 30% down payment is required.

FHA Chapter 13 Manual Underwriting
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Simple Steps for FHA Chapter 13 Manual Underwriting

ByAnngelli Abenes Posted on

Today, our blog post will explore the FHA Chapter 13 Manual Underwriting Guidelines in detail. If you’re in the middle of a Chapter 13 bankruptcy or have been out of one for less than two years, this is for you. We want to make sure you’re armed with the most up-to-date and understandable information out…

Qualifying For FHA Loan After Short Sale
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Your Guide to Qualifying for FHA Loan After Short Sale

ByAnngelli Abenes Posted on

If you are considering qualifying for FHA loan after short sale, know you’re not alone. Many people find themselves in your shoes, wondering if there’s a way to bounce back and secure an FHA loan. The encouraging news is that getting approved for an FHA loan after a short sale is achievable. However, there are…

FHA Chapter 13 Guidelines in Maryland
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FHA Chapter 13 Guidelines in Maryland on FHA Loans

ByAnngelli Abenes Posted on

In this blog, we will discuss the rules for getting an FHA loan in Maryland when paying back debt under Chapter 13 Bankruptcy. If you’re buying a house or already own one, you can still qualify for an FHA loan even if you’re in the middle of your repayment plan, approved by a trustee. You…

Mortgage Included in Chapter 7 Bankruptcy
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Fannie Mae Mortgage Included in Chapter 7 Bankruptcy

ByDale Elenteny Posted on

In this article, we will cover and discuss getting approved for a new home loan after having a prior mortgage included in Chapter 7 Bankruptcy. There are instances where people will include a home loan when they file for bankruptcy. There are waiting period requirements after a bankruptcy and foreclosure. However, what is the waiting…

Qualifying For FHA Loan After Foreclosure
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Qualifying For FHA Loan After Foreclosure

ByGustan Cho Posted on

Qualifying for FHA loan after foreclosure is now possible for homebuyers who meet the mandatory waiting period after foreclosure. Fannie Mae and Freddie Mac are the two mortgage giants that are in charge of setting standards and lending guidelines on Conventional loans. Fannie Mae and Freddie Mac categorize foreclosure and deed in lieu of foreclosure…

Is 120 Day Mortgage Late Considered Foreclosure
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Is 120 Day Mortgage Late Considered Foreclosure

ByGustan Cho Posted on

This guide covers the frequently asked question is a 120-day mortgage late payment considered foreclosure.  One of the biggest fears for home buyers late on their mortgage payments in the past is the question Is 120 day mortgage late considered foreclosure? I get countless calls throughout the year from mortgage borrowers who were told they…

VA Guidelines After Short Sale
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VA Guidelines after Short Sale Waiting Period on VA Loans

ByGustan Cho Posted on

This blog will discuss the VA guidelines after short sale waiting period requirements to qualify for a VA loan. VA guidelines after short sale to qualify for a VA loan require a mandatory waiting period of two years for borrowers to qualify for a VA loan. Lenders expect no late payments after the short sale…

VA Foreclosure Guidelines
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VA Foreclosure Guidelines In Qualifying For VA Home Loans

ByGustan Cho Posted on

In this article, we will cover and discuss VA  foreclosure guidelines in qualifying for VA loans. VA Foreclosure Guidelines require a two-year waiting period after a housing event to qualify for VA Loans.VA Foreclosure Guidelines are less strict than other loan programs. A housing event is a foreclosure, deed in lieu of foreclosure, or short-sale….

VA Chapter 13 Bankruptcy Buy-Out
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VA Chapter 13 Bankruptcy Buy-Out Cash-Out Refinance

ByAlex Carlucci Posted on

This article will discuss the buy-out cash-out refinance option for VA Chapter 13 Bankruptcy. A VA Chapter 13 Bankruptcy buy-out can be accomplished using a cash-out refinance on VA home loans while under a Chapter 13 Bankruptcy repayment plan. The widespread financial hardship caused by the coronavirus pandemic outbreak in February 2020 has significantly affected…

Buying House During Chapter 13
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Buying House During Chapter 13 Repayment Plan Mortgage Guidelines

ByGustan Cho Posted on

This ARTICLE Is About Buying House During Chapter 13 Repayment Plan Mortgage Guidelines Buying House During Chapter 13 Repayment Plan is allowed only with FHA and VA loans. Borrowers can qualify for FHA and VA loans without the Chapter 13 Bankruptcy is discharged. FHA and VA are the only two mortgage loan programs that allow…

FHA Versus Conforming Mortgages
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Comparing FHA Versus Conforming Mortgages

ByGustan Cho Posted on

This guide compares FHA versus conforming mortgages, the two most popular mortgage loan programs for homebuyers in the United States. Which program should homebuyers choose? Both have pros and cons. Sometimes, borrowers may qualify for FHA loans instead of conforming mortgages. Conversely, some borrowers who qualify for conventional loans may not qualify for FHA loans….