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Loren Thomas
  • Electrician
  • Bothell, WA
96
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241
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FHA Guidelines Regarding Bankruptcy

Loren Thomas
  • Electrician
  • Bothell, WA
Posted

Currently my wife and I are in chapter 13 and have been for almost 2 years. Around springtime we will be switching to chapter 7. As I understand the FHA, there is a 2 year waiting period before they will consider the loan. My question is, we technically filed bankruptcy in spring of 14, putting next spring over the 2 year mark, so will that meet their requirements? Or is it from the date we switch to chapter 7 from chapter 13?

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