The brand new FHA and you can Va guidelines to own Chapter thirteen Personal bankruptcy display similarities. Among conventional mortgage applications, merely Va and you will FHA funds enable guide underwriting. Each other realize identical guide underwriting standards, nearby affairs such as for example obligations-to-money ratio, compensating facets, confirmation regarding lease mandates, trustee acceptance, together with prepared duration post-case of bankruptcy discharge. Which similarity can mistake potential housebuyers navigating Chapter 13 Bankruptcy, ultimately causing varying answers from lenders when choosing qualification to possess Virtual assistant and you may FHA finance. Read more