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Ch. 13 FHA Mortgage Application

New Member

Ch. 13 FHA Mortgage Application

I filed for Chapter 13 in Oct. 2014. I have roughly two years of on-time payments, and I've continued to make payments on my car loan and student loans since applying. I'm getting married in the next year and thinking about applying for a mortgage with my spouse. I would tell my fiance to apply and leave me off the application, but my income is roughly double, so it makes since to count me so we can qualify for a larger mortgage. My BK won't be discharged until Oct. 2019.


Before BK I had pretty awesome credit and I had like a 98% on-time payment history. (I won't bore yo with the sob story, but I just couldn't afford my credit card payments after losing a job and relocating for a lower-paying job.) Credit score is now like 662 TU and 591 for Equifax. Spouse has good credit with a FICO in the high 600s, but it should go up when we pay down one sort of large credit card balance.


Anyone have experience with this? I want to apply for an FHA loan since I haven't ever owned a home before. Can I just apply through a big company, or should I contact a smaller local mortgage broker who specializes in this sort of thing?

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Frequent Contributor

Re: Ch. 13 FHA Mortgage Application

you will need permission from the trustee of your BK estate in order to obtain a mortgage. I would start by speaking with your attorney to find out how he/she thinks your trustee will respond to a request.


Without permission, there is no way to obtain a mortgage while in an active 13, so that should be your first step.



You can't have your cake and eat it too. But you can dip your finger in the bowl and lick the icing!
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