Buying A House After Chapter 13 Discharge at Buying

Buying A House After Chapter 13 Discharge. Discharged bankruptcy doesn’t necessarily mean that your case is finalized and closed. However, the long answer to this question is more complex, and it will require the help of your reliable, experienced attorney.

For an fha loan, you'll probably have to wait at least one to two years before buying a home. The judge issues the discharge and now any remaining balances on your qualified debts are forgiven. Most people applying for a loan will need to wait two years after bankruptcy before lenders will consider their loan application.

[View 39+] Conventional Home Loan After Chapter 13 Discharge

If you don’t need a vehicle immediately, you can also wait until it’s discharged. Based on the type of home loan the bower is applying for, the seasoning periods vary based on the potential borrowers current financial. Chapter 13 bankruptcy allows for more qualified debts than chapter 7. If you have finished your payments to the trustee, you should be able to obtain your discharge pretty quickly.