Yes, it’s possible.

Being in an active Chapter 13 bankruptcy does not automatically prevent you from buying a home. In fact, some loan programs allow borrowers to qualify before their bankruptcy has been discharged.

However, there are several important requirements that must be met, including:

• The type of mortgage you’re applying for (FHA, VA, USDA, or Conventional)
• How long you’ve been making your Chapter 13 plan payments
• Your payment history under the repayment plan
• Written permission from the bankruptcy trustee, if required
• Your overall income, credit, and ability to qualify for the new mortgage

Each loan program has different guidelines, so there isn’t a one-size-fits-all answer. The good news is that many borrowers are surprised to learn they may qualify sooner than they expected.

If you’re currently in a Chapter 13 repayment plan, we’ll review your bankruptcy documents, payment history, and financial situation to determine which loan programs are available and what steps, if any, remain before you’re eligible.