Posted on: 04th Dec, 2011 07:11 pm
Hello
I want to relocate to NC and I have 2 more years to go on my chapter 13. I wanted to either pay off my chapter 13 in one year and apply for FHA loan or apply while in chapter 13 with court approval. If I ask court for approval will they say no then say hey you have more money so put more into the plan....
My credit score now is 630...
Oh I currently owe a home in nj...
Will FHA lend if I'm planning on moving to nc but wanted to send family down first, keep working in nj until I found job in nc or won't lend until have job in nc....
Thank you
I want to relocate to NC and I have 2 more years to go on my chapter 13. I wanted to either pay off my chapter 13 in one year and apply for FHA loan or apply while in chapter 13 with court approval. If I ask court for approval will they say no then say hey you have more money so put more into the plan....
My credit score now is 630...
Oh I currently owe a home in nj...
Will FHA lend if I'm planning on moving to nc but wanted to send family down first, keep working in nj until I found job in nc or won't lend until have job in nc....
Thank you
even a borrower who is still paying on a chapter 13 bankruptcy, can be eligible for an fha loan. however, you, the borrower, should have good and verifiable payment records. you are also required to have written approval from the court trustee.
The lender will want your job situation settled first.
