You can Buy a Home While in Bankrupcty!

I'm excited to share that you can purchase a home just one day after a bankruptcy. While many believe you must wait two years after a Chapter 13 bankruptcy, this waiting period typically applies to Chapter 7 filings, not Chapter 13.
However, if you're unable to wait for the two-year mark, you can still buy a home by putting down 3.5%. We can handle negotiations to cover some or all of your closing costs, which you would normally be responsible for paying. Lenders prefer to see reserves, such as retirement funds, which are often exempt from most Chapter 13 filing credits.
To qualify, you must have been in Chapter 13 for at least two years, consistently making timely payments to the trustee and remaining current on other credit obligations. We'll need permission from the trustee, which may take around 90 days, but it's entirely feasible. I've successfully guided numerous buyers through this process and would be happy to assist you too. Contact Tanisha Holmes at 919-422-7630 for expert guidance on purchasing a home during Chapter 13 bankruptcy.

Buy A home (1) One day out of Bankruptcy!

Absolutely, you can purchase a home just one day after a Chapter 13 bankruptcy. To proceed, we'll require your discharge documents, along with other supporting paperwork to demonstrate your timely payments within the Chapter 13 payment agreement.
While you won't qualify for Down Payment Assistance immediately, you'll need to put down a minimum of 3% for your down payment. Alternatively, you can wait for two years to qualify for Down Payment Assistance, or three years if you previously owned a home.
We're here to guide you through the process and ensure a smooth transition into homeownership. Reach out to us when you're ready to take the next steps!