Realty Biz

APRIL 5, 2022

One of the frequently asked questions during today’s booming housing market is can I qualify for a mortgage during Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is a court-approved debt repayment plan where their debts are restructured over a period of three to five years. Trustee approval is required.

Bankruptcy 120

Bankruptcy Debt-to-income ratio VA loan FHA loan 120

Rent, Buy & Sell

FEBRUARY 7, 2021

Great credit allows people to get the best interest rates on various types of loans. Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. Borrowers must be able to show proof of employment and a steady income. You will pay a VA funding fee when the deal closes.

Loans 98

Loans VA loan FHA loan Hard money loan 98

Realty Biz

SEPTEMBER 30, 2023

Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements. Consider alternative mortgage options: If traditional mortgages don't work out, explore alternative options such as FHA loans, VA loans, or USDA loans.

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

C4D Crew

MARCH 8, 2021

Those with a credit score between 500 and 579 will still qualify for an FHA loan but must come up with 10% of the purchase price as a down payment. All borrowers regardless of credit score must have less than a 43% debt-to-income ratio. Native American Direct Loan Through the VA.

Loans 52

Loans FHA loan VA loan Debt-to-income ratio 52

HomeLight

JUNE 30, 2022

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Some loan programs, such as those backed by the FHA , allow for a down payment as small as 3.5% A new trade line could alter your debt-to-income ratio and throw off the whole deal if you are not careful.

Purchase and sale agreement 96

Purchase and sale agreement Inspection Earnest money deposit Closing costs 96

Marco Santarelli

AUGUST 24, 2024

This situation can result from multiple factors, such as late payments, high debt-to-income ratios, or even prior bankruptcy or foreclosure. Here are a few noteworthy options: VA Loans : Available for veterans and active members of the military, VA loans are among the most advantageous home financing options.

Loans 52

Loans Pre-approval Debt-to-income ratio VA loan 52