Chapter 13 allows you to purchase a home using a FHA-insured mortgage while you're still in the "wage-earner" plan, as long as your payment history has been satisfactory AND you have permission from the court. You can actually be in the plan for one year and be allowed to purchase a home as long as you follow those two rules. This is far different from Chapter 7 that DOES require that it is discharged and two-years from discharge has expired.
I would suggest that you give me a call and get with a lender that thoroughly understands FHA. You will definitely get the accurate information you deserve, and get the best possible advice.
I hope that this has helped you.
Dianne Y. Ayala Steffey, MBA, CLU, ChFC, NMLS#267658
Your Personal Mortgage Consultant for Life!
Sterling Mortgage Services NMLS#373771
2929 Mossrock, Ste 222
San Antonio, TX 78230
P.S. I value and appreciate your referrals. As always, I promise to deliver such outstanding service that your family members, friends, co-workers, and clients will thank you for referring them to me. Give me a call if you know someone who needs a dedicated real estate and/or mortgage consultant. Your personal referrals are the greatest compliment I can receive. Thank you so much!
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Easy as pie!
Start here: http://www.DHIMortgage.com/Kasey-Hampton - it's an online loan pre-approval. Quick, easy, and Free... Kasey is by far the best loan officer San Antonio has ever seen.. I've never seen anyone beat her interest rates, and her service is just off the charts... You can thank me later ;)
In the mean time... I can shoot you over a bunch of homes that fit exactly what you are looking for..
Send me an e-mail with your criteria and I will reply with a bunch of nice homes that fit the bill :)
Jason C Campbell
Option One Real Estate
Senior Mortgage Banker - SWBC Mortgage
8400 Blanco Rd, Ste 100
San Antonio, TX 78216
She is super easy to work with. Let her know Darrell recommended her and whenever you are set to find a home, I'll be glad to assist. Good Luck!
Darrell D. Drouillard
Home Team of America
16719 Huebner Rd., Bldg 4
San Antonio, Texas 78248
'Serving all Your Real Estate Needs'
Suzanne is absolutely correct. The best way to find out if you are ready is to talk to a local lender who will give you the facts. Depending on your current situation and how the bankruptcy was handled, you might very well be ready to buy a home. If not quite yet, a local mortgage broker will be able to lead you in the right direction :)!
Good luck to you and if you need a referral to a lender, feel free to give me a call!
RealtorÂ®, ABRÂ®, e-PRO