I went through chapter 13 in 2011 and all my payments have been good. I surrendered 2 homes in 2 different states in the ch 13. I’m still trying to modify my home i surrendered that was owner occupied through NACA. My income is very good and I’ve been with the same company for 13 yrs i transfered from one CT to TX but my home sale fell through in CT so i was stuck with 2 homes which led to the chap 13 filing. If NACA modification doesnt work out what are my chances with the NACA home buying program since ii’m still making chp 13 payments?
Unfortunately, you will not be able to buy a home until 24 months after the bankruptcy has been discharged.Once that has been cleared and you have shown a 12 month on time payment history going forward, you can begin to work with the NACA purchase program with a goal of being qualified as soon as the 24 month period has passed.
Unless hte home has already been lost to foreclosure or short sale, you need to continue to pursue a modification on the current mortgage. Never give up at the first “no”.
If you still have the home, you are not eligible for a loan through NACA since the home you purchase through us must be your only property. If the home has already been lost to foreclosure or short sale or if you have filed bankruptcy, you will not be able to buy a home for at least two years afterward.