While VA and USDA offer 0% down, an FHA loan requires 3.5% . Having extra "cash reserves" (1–3 months of mortgage payments) makes your application much stronger.
Before looking at houses, confirm your trustee and the judge are likely to approve the new debt.
If you are still in your repayment plan, your bankruptcy attorney must file a motion for permission to incur new debt. The court must agree that you can afford the mortgage alongside your plan payments.
Yes, you can buy a house after (and even during) a Chapter 13 bankruptcy . Unlike Chapter 7, which often requires a full stop for several years, Chapter 13 is viewed more favorably by lenders because it demonstrates a commitment to a court-ordered repayment plan. 🏠 Buying During vs. After Chapter 13
Many large banks automatically reject active bankruptcies. Look for mortgage brokers or lenders specializing in manual underwriting .
