Yeah, watch out for anyone who tells you yes on this answer. They are probably a predatory lender. FHA won't allow this, and more than likely, the bankruptcy court wouldn't, either. In order to get new credit/loans in a 13 before it's paid off, you'd have to get approval from the judge handling your case. Even if this happened, you'd have to try a conventional loan with a good chunk of money down, a high interest payment, and I assume you're not looking for that since you mentioned FHA. =)
Good luck. Personally, I would just wait things out - or maybe try and find a land-contract deal, whereby you get a seller who is willing to act as the "bank", letting you pay them (as if you were renting) the mortgage each month, with a contract to have you refinance and assume/get a new loan whenever you're out of bankruptcy. If that's a few years from now, then good luck, because land-contracts usually don't last longer than a year. I have seen one for 2 years ONE time. Obviously, because the goal is to get the seller out of the loan.
Work in insurance/real estate
· 1 decade ago