Charlotte FHA Loans|Buying a house while in Bankruptcy!
You can buy a home while in Chapter 13 Bankruptcy or Consumer Credit Counseling in Charlotte using an FHA loan!
FHA loans have been around for a long time, but many people still do not know a lot of the great opportunities FHA offers. There are many families out there that have chosen the road of bankruptcy because of death of a spouse, failure of a business or severe illnesses. Sometimes people just get in over their heads with debt and need help. Chapter 13 Bankruptcy or Consumer Credit Counseling offer people a second chance while still making the effort to pay back what’s owed.
If you are in Chapter 13 Bankruptcy or Consumer Credit Counseling you might still qualify to buy a house… and not in 3 years! Most loan programs require 2-3 years pass from discharge of a bankruptcy, but under FHA you might qualify TODAY.
Here is a general criteria of what is acceptable:
- At least 12 months satisfactory payment history in the bankruptcy
- Permission from Bankruptcy court to buy a home (not that hard)
- CLEAN credit since start of Bankruptcy
- New House payment must be reasonable based on current housing expenses
If you fit this description, call Olan today at 980-721-7478. We can help!