Anonymous
Anonymous asked in Business & FinancePersonal Finance · 1 decade ago

Obtaining a FHA loan?

Can you get a fha loan after being discharge from chap.13 bankruptcy?? Thanks for any help

1 Answer

Relevance
  • 1 decade ago
    Favorite Answer

    FHA will consider appoving 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. The court trustee's written approval will also be needed in order to proceed with the loan. The borrower will have to give a full explanation of the bankruptcy with the loan application and must also have re-established good credit, qualify financially and have good job stability.

    Hope this helps!

Still have questions? Get your answers by asking now.