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Do you know a lender that will pay off your chapter 13 and give a first time home loan?

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Wiki User
2005-09-14 03:23:30
2005-09-14 03:23:30

We are currently using a lender that has agreed to pay off our 13 and give us a mortgage with a reasonable interest rate of 6%. We are using Sunset mortgage, you can do a search on the WWW. You cannot, however, use a FHA Loan for this type of agreement as we've been told- you must do a Conventional loan. Also, remember that after payoff, it takes around 3 months to receive your discharge letter from the Trustee, at least that is what I've been told by my attorney. Hope this helps- just know that their are lenders that will do almost anything for the right amount!

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