Realty Biz

APRIL 5, 2022

One of the frequently asked questions during today’s booming housing market is can I qualify for a mortgage during Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is a court-approved debt repayment plan where their debts are restructured over a period of three to five years. Trustee approval is required.

Bankruptcy 120

Bankruptcy Debt-to-income ratio VA loan FHA loan 120

Rent, Buy & Sell

FEBRUARY 7, 2021

Great credit allows people to get the best interest rates on various types of loans. Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. Borrowers must be able to show proof of employment and a steady income. You will pay a VA funding fee when the deal closes.

Loans 98

Loans VA loan FHA loan Hard money loan 98

Realty Biz

SEPTEMBER 30, 2023

Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements. Consider alternative mortgage options: If traditional mortgages don't work out, explore alternative options such as FHA loans, VA loans, or USDA loans.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

HomeLight

JUNE 30, 2022

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Real estate agents are professionals who know their local housing market, its conditions, and the homebuying process as a whole. Some loan programs, such as those backed by the FHA , allow for a down payment as small as 3.5%

Purchase and sale agreement 74

Purchase and sale agreement Inspection Earnest money deposit Closing costs 74