If I am on a current credit counseling plan, will that negatively affect my loan application?

If you have acceptable credit scores, and a positive payment history with your counseling plan, it is possible to obtain a mortgage loan. I would recommend finding a great mortgage loan originator in your area and ask them this question. I personally believe it can be done.

It may, some lender will not lend to you until you are out of the program and some have a waiting period.