Posted on: 16th Sep, 2013 12:21 pm
Husband job went to China, unemployed over 5 years, had ot file Chapter 13, which is now completed and discharged. Sell home aand want to purchase new home. Can you purchase a new home after completing Chapter 13.
Sincerely,
Mrs. Harris
Sincerely,
Mrs. Harris
Hi ottdee!
Welcome to the forums!
Immediately after completing Chapter 13 bankruptcy filing, you will not be able to get a mortgage. You will have to wait for 2-3 years in order to get any kind of loan.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
Immediately after completing Chapter 13 bankruptcy filing, you will not be able to get a mortgage. You will have to wait for 2-3 years in order to get any kind of loan.
Feel free to ask if you've further queries.
Sussane
Hi ottdee,
I agree with Sussane. You will have to wait for at least a year in order to qualify for a FHA loan after Chapter 13 discharge. In case of conventional loans, you need to wait for 2 or more years.
Thanks
I agree with Sussane. You will have to wait for at least a year in order to qualify for a FHA loan after Chapter 13 discharge. In case of conventional loans, you need to wait for 2 or more years.
Thanks