Forgotten Your Password?

Need to Register?

Question Icon

2 years into Chapter 13 and I am looking to refi, any option out there for me?

by keyleih.h67627 from Portland, Connecticut. 20 days ago Reply


Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,524 contributions

An FHA loan is a potential options. As long as you've made all the Chapter 13 payments on time, and the Bankruptcy Trustee says it is OK for you to enter into a new loan. Of course all other standard loan requirements apply, like credit score. For loans like this in MN, WI, or SD, visit me at www.Minneapolis-Mortgage.net

20 days ago
1
0
William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

Yes.. but you must meet all eligibility requirements,, including minimum credit scores.. As Joe said, the guidelines require you make the last 12 payments to the trustee on time, and you will need written permission from the trustee to move forward.. Whether or not you will qualify is yet to be determined.. your complete loan profile will need to be analyzed in order to know if you can get approved.. Try reaching out to a local mortgage professional.. Stay away from the big banks on the corner.. they typically wont deal with credit issues.. Mortgage broker/bankers are going to be your best bet since they deal with multiple lenders, with each one offering a different set of lending guidelines, the more lenders, the more lending options and the greater likelihood your loan scenario will be approved.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

20 days ago
1
0
Subscribe to our news feed.