Need help to refinance after completed Chapter 13 Bankruptcy

Real simple.. Fannie/Freddie guidelines state that you cannot get a mortgage until you are 2 years from the discharge date, so you have not met that guideline... you could look into an FHA refinance.. But you cannot finance more than 97.75% of the value of your home, so you cannot be underwater... my guess is that your trying to work with your current mortgage company, and if you are, then that's your mistake.. The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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

Hi MikeYour only option to refinance at this point is FHA. Their guidelines state that you are able to obtain a mortgage while IN a Chapter 13 for a minimum of 1 year and a letter from your Trustee allowing you to obtain a mortgage. Since your Chapter 13 is Satisfied - your payments were on time, you have re-established credit and have a credit score above 640 - I can write an FHA every day of the week. Based on those interest rates - you should be able to save some money! contact me anytime at tliolos@paragonhomeloans.com and we can review your situation more in depth.......Tom

If you have the value in your home, FHA will be the only option at this time (or VA if you are eligible). With FHA, your loan to value cannot exceed 97.75%, and you cannot subordinate the 2nd beyond that percentage either.