FHA Chapter 13 Bankruptcy
One of the many great features of an FHA Mortgage Loan is what it can do for borrowers in bankruptcy. While conventional loan programs turn their back on borrowers with bankruptcies, FHA will allow a borrower who has been in Chapter 13 bankruptcy for only 12 months for refinance their home and buyout the bankruptcy if they have enough equity. I will be going in depth into the benefits and process for a borrower to take advantage of this program over the coming week, stay tuned!