I need some help finding funding for primary residence

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I need some help finding funding for primary residence

Phillip G Alexander
Member since 2019 · 9 posts · 1 vote

I live in Cleveland, Ohio, father of three. I am in the 3rd year of chapter 13. I would like to buy a home. Is this possible? who can I contact for a mortgage?

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  • Jerry Padilla
    Lender · Rochester, NY · Member since 2014 · 3k+ posts · 1k+ votes
    7y

    @Phillip G Alexander

    Some lenders may have overlays, but you may be able to go the route of FHA.

    It would need to be manually underwritten as well.

    -The loan would need to be approved by the Chapter 13 trustee.

    -You need to be at least one year into the plan.

    -You need one year of positive payment history, and verification of rent payments.

    -No late payments during the bankruptcy.

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  • Phillip G Alexander
    OP
    Member since 2019 · 9 posts · 1 vote
    7y

    Thanks Jerry

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