This article is about Mortgage Guidelines During Chapter 13 Bankruptcy Mortgage Guidelines During Chapter 13 Bankruptcy state borrowers can qualify for home loans during Chapter 13 Bankruptcy repayment plan. Borrowers can qualify for VA and FHA loans during the Chapter 13 Bankruptcy repayment period without the bankruptcy being discharged. They would need the approval of […]
VA Chapter 13 Mortgage Guidelines During COVID-19 Pandemic If you have been following Gustan Cho Associates, you know that we are open for business during the COVID-19 coronavirus outbreak. We are busier than ever. This is a good sign for the mortgage market. We all hope this pandemic ends sooner than later. There is also […]
You are eligible to apply for FHA home loans after filing for Chapter 13 bankruptcy protection. Here’s what you need to know about buying or refinancing with an FHA mortgage after a Chapter 13 bankruptcy. You do not need to have your Chapter 13 bankruptcy discharged to qualify for an FHA loan. Also, there is no waiting period to qualify for an FHA loan after a Chapter 13 bankruptcy discharge. Many lenders may require you to wait two years after a Chapter 13 bankruptcy discharged date. However, Gustan Cho Associates does not have a waiting period after the Chapter 13 Bankruptcy discharged date.
Gustan Cho Associates can approve with manual underwriting files with a debt-to-income ratio as high as 65% on VA loans. This holds true as long as you have sufficient residual income. Residual income is another way to qualify borrowers by seeing how much income is left after they pay their bills.
This Article Is About Conventional Loan After Chapter 13 Bankruptcy Guidelines What Is The Waiting Period To Qualify For Conventional Loan After Chapter 13 Bankruptcy? Qualifying for a Conventional Loan After Chapter 13 Bankruptcy discharge is no problem for home buyers needing a conventional loan: However, Fannie Mae and Freddie Mac Guidelines state that there […]
This ARTICLE On VA Chapter 13 Mortgage Guidelines On VA Home Loans Was PUBLISHED On October 28th, 2019 Under VA Chapter 13 Mortgage Guidelines, borrowers can qualify for VA Loans during Chapter 13 Repayment Plan without needing it to be discharged. There are no waiting period requirements after Chapter 13 Bankruptcy discharged date However, any […]
This ARTICLE On Chapter 13 Mortgage Guidelines On Government And Conventional Loans Was PUBLISHED On October 27th, 2019 There are two types of consumer bankruptcies: Chapter 7 Bankruptcy Chapter 13 Bankruptcy Chapter 7 Bankruptcy is also called total liquidation. Most consumer debts and judgments can be discharged with Chapter 7 Bankruptcies Any non-exempt assets of […]