+1 vote
asked Mar 8, 2018 in FHA Loans by anonymous

1 Answer

0 votes
ABSOLUTELY.  Over 30% of my borrowers are folks who are in a current Chapter 13 Bankruptcy Repayment Plan or just recently got their Chapter 13 Bankruptcy discharged.  Borrowers can qualify after 12 months into a Chapter 13 Bankruptcy Repayment Plan with Trustee Approval.  Needs to be manual underwrite so need to follow manual underwriting guidelines. Verification of Rent is mandatory on all manual underwrites.

Gustan Cho NMLS 873293
Branch Manager
USA MORTGAGE NMLS 227262A
A Division of DAS ACQUISITION COMPANY NMLS 227262
Email gcho@usa-mortgage.com
Website www.gustancho.com
answered Mar 8, 2018 by GustanCho (106,540 points)

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