The Short Answer - YES!
It is possible to secure a Federal Housing Administration (FHA) Mortgage during Chapter 13 and shortly after your Chapter 7 bankruptcy discharge. The FHA has special provisions that allow people that have gone through chapter 7 or are in a chapter 13 bankruptcy to buy a home.
At Koehler Law we pay the cost of a program that helps people improve their credit score and realize their dream of homeownership during and after bankruptcy. This is why we provide the No Cost Add-ON services that are so important to your future. We are here for you before, during, and after your bankruptcy.
FHA loan requirements for people protected by bankruptcy
- Chapter 13: FHA will consider approving a borrower who is still paying on a Chapter 13 Bankruptcy if those payments have been satisfactorily made and verified for a period of one year.
- Chapter 7: Two years must have elapsed since the discharge date of the borrower and / or spouse's Chapter 7 Bankruptcy.
More information can be found here .... Learn More
Koehler Law Provides - AT NO COST TO YOU
Koehler has identified key professionals in the mortgage industry that are expert at working with and securing FHA mortgage loans. These professionals have demonstrated a history of success in helping our clients achieve the dream of homeownership while in bankruptcy. Let us help you with the same.
