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Can I get a mortgage after a chapter 13?

The bankruptcy was discharged in December 2016 by jpark196843 from Flowood, Mississippi. May 30th 2017 Reply


Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,439 contributions

Yes... You have potential options if you had a Chapter 13 that was discharged. Contact a local mortgage broker in your area. Give them a full application, and they can review your options.

May 30th 2017
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Larry Gray (lgray_312_247)
#5 ranked lender in California - 1,127 contributions

As Joe Metzler has answered, you need only check with a local mortgage broker in your area. However, I would add they should include being approved for doing FHA insured mortgage loans since that is the best and often only option if not a Veteran, unless you hold a lot of equity in current property (or have $$ for substantial down payment). If a Veteran than that can be a wonderful option. Even if you have hold substantial equity in the property (25% or more) your options are a much higher rate and cost then FHA. So even with mortgage insurance, the very low rate/cost of an FHA loan can make it appear to be a very good deal.

May 30th 2017
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