Are there any HARP 2.0 lenders who will work with someone in Chapter 13 Bankruptcy?

HARP does not disqualify you if you have a chapter 13, but the lender can set their own rules, and most will disqualify you.. Work on improving your credit and I'm sure some lenders might lighten up on the guidelines.. this program expires in December 2013, so there's plenty of time... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Is it a Chapter 13 or 7?

First, when is your bk discharged?? who is your lender?? credit score number can be a issue. what is your loan size?? I work with lenders that do not have all of the bank overlays, but there are some considerations first. linda email at yourloanpartnerforlife@live.com

Its just like FHA...The government has rules and mortgage companies have rules too so they do not go past that threshold. I wish I lent in your state i would love to take you.

I believe the minumun time required is 3 or 4 years after the bankrupcy discharge date. This is when you would be eligible for bank loans, and that is why you have been turned down now. Banks don't make loans to guys in Bankrupcy.One issue with bankrupcy is the re-establishment of new and good credit. New credit accounts such as credit cards need to be opened after the bankrupcy discharge date and those accounts must always be paid on time. If it has been over 3 years since the discharge date and you have re-established your credit since the discharge date, you will be eligible for "A" paper mortgage financing again. It doesn't sound like HARP 2.0 will work out for you if you are in Chapter 13. I have never heard of a bank making mortgage loans to guys who are currently in Bankrupcy. Time will pass and you want to re build your credit once this is discharged as I mentioned. Jedd Nabonsal Mortgage Broker Los Angeles Ca Pinnacle Bancorp Cell 310 433 1703 jeddnabonsal@gmail.com

We are a lender that will allow any LTV on Investment properties locally. I'd be happy to answer some questions for you!Dan EvelandWaterstone Mortgage763-746-9919www.whatisyouraddress.com

You didn't state when your 13 was discharged, and that may have something to do with all the "Nos" you are receiving. Work with a local Mortgage Banker/Broker, rather than one of the big banks or big national mortgage factories. There are investors out there that will consider you, DEPENDING on when the 13 was discharged and how you performed in your payments to the trustee. Keep in mind that there is no automatic approval for a borrower under HARP, and your issue may not be the BK at all. I have a deal where the borrower has good credit (no lates, collections or charge offs), but not great scores (708 mid score), but still can't get the deal to be approved even with $100k in liquid assets. Why? DTI right at the top end. Took $10k, paid down some debt, re-scored and boom... approval. Work with a local Mortgage Banker/Broker to see what "Junk" may still be on your credit report. Maybe simply cleaning it up will make all the difference in the world. Good luck.~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

What are you looking to do? To purchase a new home, you not going to get to far. If your looking to lower your payment , staying with the same lender, your may qualify. What needs to happen - prove your mortgage, insurance and taxes payment combined needs to be higher than 31% of your monthly gross income. Next is getting a letter from your bankruptcy trustee, indicating your intentions. Most BK trustees I have dealt with are cool with the idea of lowering your payment, that assures them receiving your payments. I do 3 or 4 BK modifications a month.

Hi Robyne, Did you ever get any bank to work with you on a refi or HARP?? I am in an identical situation to yours! Still active in Ch 13 & had the issue on the credit reports...

The rule on a Chapter 13 for Fannie and Freddie non-HARP loan is: "Debts are paid back on a monthly scheduled payment plan by client and are eligible 2 years from date of "discharge" or 4 years from date of "dismissal". If there are special considerations on a HARP loan they are NOT specifically addressed on the Fannie or Freddie Selling Guidelines. So if you have been told by someone at Fannie or Freddie differently, I would suggest you take a written response to your lender so they can obtain this same direction directly. Keep in mind that your loan may still not be able to be approved because of other risk factors. For instance, you have a low credit score and there are likely items on your credit report that do not allow the lender to approve you beyond the Chapter 13 bankruptcy. Good Luck.

You may need to call a mortgage banker or broker, to find more relaxed guidelines. Each lender may have a difference set of min lending guidelinesJesse StroupMortgage Professional | Mortgage Man Twitter: @jessestroup

If you have been in this BK and paying on it for at least 12 months and can get court approval you have some options. There are other loan programs that allow you to get a loan 1 day out of BK. contact me text or call 702.764.3511 or mdiaz@goalterra.com