FHa mortgage financing does not require 2 years from discharge for a CHapter 13 bankruptcy. In fact, you do not even have to have the bankruptcy discharged to be able to obtain FHA financing after a Chapter 13 bankruptcy. The requirement is that you have a history of 12 on time payments towards the Chapter 13 bankruptcy, documented through the court, and approval from the court to enter into a mortgage agreement.
Here is the exact wording from the FHA guidelines: (pg 144 at the link provided)
A Chapter 13 bankruptcy does not disqualify a borrower from obtaining an
FHA-insured mortgage, provided that the lender documents that
â€¢ one year of the payout period under the bankruptcy has elapsed, and
â€¢ the borrowerâ€™s payment performance has been satisfactory and all required payments have been made on time.
The borrower must receive written permission from the court to enter into the mortgage transaction.
Hope that helps.
With a Chpt 13, you will have to reestablish credit and wait 1 yr from discharge date.
Hope this helps!
Laura and Jason
Selling homes for a decade!