how soon after foreclosure and chapter 13 can you get a loan or can I even qualify?

As early as 1 year out.

I f you now own your own business you first need to show two years of self employed income history. Self employed income is shown by your tax returns. Depending on how you have your business set up you may need two years of personal returns and/or two years of business returns. If you had a foreclosure and a chapter 13 BK, you will need to wait 3 years from the foreclosure completion date. MAKE SURE the foreclosure has been completed. There are many other questions a true professional will have for you. It is best you call a qualified Lender 411 Professional that can lend in Vermont.

FHA allows for a purchase after a foreclosure within 12 months assuming you can document a minimum of 20% reduction in income and have not had any late payments on ANY obligation in the last 12 months.. otherwise, it's 3 years.. For SE borrowers, you will need 2 years complete tax returns and they look at your 2 year average to determine qualifying income.. As far as exceptions, the short answer is no.. lenders are in the money business.. they understand default rates.. they don't make exceptions on lending decisions based on income.. The will however make exceptions regarding debt to Income ratios and could allow for a higher than standard ratio If there are compensating factors. .. 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

You need 2 years of good net income, as shown on the bottom line of page one of your 1040 tax form, for the income portion of your question. Figure 3 years after discharge of your Chapter 13.