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Any lenders for discharged 7 or 13 . All other number excellent.

I had my Chapter 7 discharged 9/10, my partner's 13 was discharged 3/10. Our incomes,jobs excellent and 0 debt.Are there any lenders for morgages on owner-occupied manufactured homes today or is the two year period after discharge an absolute must? by blainegirly4 from Blaine, Minnesota. Apr 18th 2011 Reply


Gianni Cerretani (mortgagegodfather)
#32 ranked lender in Georgia - 238 contributions

You must be 2 years from discharge date on a chapter 7 and after a capter 13 is discharged there is no seasoning! As long as you have rebuilt your credit scores and established new tradelines with on time payments you should be good on the chapter 13! However you will have to wait until 9-12 for the chapter 7 with no exception!

Apr 18th 2011
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JENNIFER URANGA (JennatAmerifirst)
#42 ranked lender in Arizona - 40 contributions

Hi,The 2 years is a must for you and your partner could purchase in 03/11 IF they are current and they will have to get permission from the court to enter into a mortgage. We provide financing on manufactured homes. My number is 480-305-8716 if you are looking in AZ.

Apr 18th 2011
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Steven Brand (stevenbrand)
#3 ranked lender in Minnesota - 121 contributions

All the specifics of your scenario make it difficult to pin it down... especially throwing in the "manufactured home" zinger. Most investors have an overlay on those and all rules are off. According to Chapter 4 in the VA handbook... you MAY be eligible between 1 and 2 yrs if you are a Veteran or qualified spouse and certain criteria are met... AND an underwriter accepts it.While reading guidelines for all the types of loans... different dates for different eligibilty are quoted beween the ONE year mark (VA) up to full eligibility with Freddie Mac of 84 months.Check out my BLOG: http://iloanminnesota.com/2010/11/02/waiting-periods/

Apr 18th 2011
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