This BLOG On 2019 FHA Guidelines Chapter 13 Bankruptcy Guidelines Was UPDATED On January 5th, 2019 By Gustan Cho of Gustan Cho Associates at Loan Cabin Inc. NMLS 1657322
In this article, we will go over the differences between trying to purchase a home while currently in a Chapter 13 Bankruptcy versus trying to purchase a home after a Chapter 13 Bankruptcy.
Before we get into the 2019 FHA Guidelines For Chapter 13 Bankruptcy, it is good to know the differences between Chapter 7 and Chapter 13.
Now unlike a Chapter 7, a Chapter 13 Bankruptcy will still require you to pay a portion of your debts back to the creditors.
Now if you have recently gone through a Bankruptcy, whether it be a Chapter 7 or a Chapter 13, you can be fairly certain that your credit scores will have felt the effects of this and that you will need a loan program that is beneficial to those with lower credit scores.
Now in terms of Chapter 13 Bankruptcies, you will see different guidelines depending on the lender that you are working with.
Gustan Cho NMLS 873293 of Gustan Cho Associates Mortgage Group is the lead expert in Chapter 13 Bankruptcy Mortgage Guidelines.
Now that you have gone through the 2019 FHA Guidelines For Chapter 13 Bankruptcy you can see that you can obtain a mortgage during and after your Chapter 13 Bankruptcy. If you have fun into issues with getting a denial of a loan after your discharge date, you need to call us right away at 262-716-8151 or text us for faster response. Or email Gustan Cho at firstname.lastname@example.org. We can make sure we get your file started ASAP as we don’t have a waiting period after your Chapter 13 discharge. Listen, you have admitted you were in trouble and have made your payments, there is no reason for you not to get a loan. Reach out to us today and let us help you!
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