The fresh FHA and you will Va recommendations getting Chapter 13 Case of bankruptcy show parallels. Certainly traditional real estate loan applications, only Va and you will FHA fund permit guidelines underwriting. One another realize similar guide underwriting criteria, nearby things eg loans-to-income proportion, compensating aspects, verification from rent mandates, trustee approval, additionally the wishing stage post-case of bankruptcy release. Which resemblance is also confuse potential housebuyers navigating Section 13 Bankruptcy proceeding, causing varying answers regarding loan providers whenever determining qualification to possess Virtual assistant and you can FHA finance. A common ask out of consumers spins within the differences in responses received out-of more lenders when you look at the wishing months. Read more