Options for Refinancing Our 1st and 2nd Mortgage?

You should be able to obtain an FHA loan on a Chapter 13. Because the discharge is within one year, your loan will need to pass manual underwriting. You would just need to make sure that your debt ratios are within guidelines for manual underwriting, and you might need to explain/document more. Call or respond if I can help.

Hell Joan.. There are options, but pretty much, you would be stuck with a portfolio product which might not have favorable rates.. First, with Conventional, the waiting period is 2 years, but the maximum loan amount is $424,100.. everything over that is considered Jumbo, so with a $655K loan, your in the jumbo range.. Plus with Jumbo financing, the guidelines are going to be pretty strict if you have a prior BK, and looking to do a cash out (combining a 1st and 2nd is considered a "cash out" refi, except for FHA.) FHA will allow you to refinance, but the maximum loan amount is even lower than conventional at $279,450.. For your best options, try contacting a mortgage loan originator, (not the local bank)... and let them look at your complete profile.. with that info, they should be able to put together an accurate quote for your consideration.. I'm a preferred Lender with Arizona and California being my primary markets. 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893