Credit Card Center Advertiser Disclosure

Established Member
Posts: 18
Registered: ‎06-08-2007
0 Kudos

Told cannot refinance mortgage due to BK

I filed chapter 13 in 2010 and it was discharged in 2011.   Never late on my mortgage, which is a FHA mortgage.    I heard about a streamline FHA refinance and went to my current lender, Chase.    As soon as they heard I filed BK, they said no.    Is that just Chase?    Where can I go to do this, any ideas or suggestions?

Senior Contributor
Posts: 3,399
Registered: ‎08-24-2013
0 Kudos

Re: Told cannot refinance mortgage due to BK

FHA's guideline may allow a refi but the actual lenders may still say no. Lenders superimpose their own criteria on top of FHA's criteria. I recommend that you talk to a mortgage broker as they deal with multiple lenders and most will do FHA guaranteed loans.


This week, FHA just reduced the waiting period for mortgage qualification after haveing had a foreclosure, short sale, bankruptcy. You can now qualify in as little as 12 months. Maybe the refi rules have been relaxed too.

Established Contributor
Posts: 1,036
Registered: ‎11-08-2011
0 Kudos

Re: Told cannot refinance mortgage due to BK

I just posted an answer to this in this thread over here:


Basically, Post BK, you modify the original loan (w/o reaffirming) rather than get a new one.  Chase rules for mods (but read that whole post).



I am not an attorney and none of what I write should be construed as legal advice. For legal advice please consult an attorney.

Starting Score: ~470 preBK(8/2010)
Current Scores as of Late January 2016 All 700+. Last CR pull from a lender(housing) was mid-score 749.
Goal Score: 700+ - reached.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.