At McGowan Mortgages, we understand that life’s journey can include financial challenges, and we’re committed to helping you achieve homeownership even after bankruptcy. Our specialized financing options cater to individuals navigating Chapter 13 bankruptcy or those recently discharged, offering a pathway to owning your new home.
Financing Options for Chapter 13 Bankruptcy
If you’re currently in Chapter 13 bankruptcy and have diligently made your last 12+ payments on time and in full, there are viable financing options available to you through McGowan Mortgages. Here’s what you need to know:
- 3.50% Down Payment: We offer a down payment as low as 3.50% for individuals in Chapter 13 bankruptcy who meet specific criteria, making homeownership more accessible during this time.
- Approval from Bankruptcy Trustee: Approval from your bankruptcy trustee for a new home purchase is a crucial step in securing financing options. Our team can guide you through this process seamlessly.
- 12 Months Bankruptcy Payment History: To explore financing options, we require a history of 12 months of consistent, on-time bankruptcy payments, showcasing your commitment to financial responsibility.
Options for Recently Discharged Chapter 13 Bankruptcy
For individuals recently discharged from Chapter 13 bankruptcy, many lenders typically require a waiting period of 12 months before considering a home loan. However, McGowan Mortgages offers a different approach:
- No Need to Wait 12 Months: You don’t have to wait the typical 12-month period after discharge to qualify for a home loan with us. We provide options with a 3.50% down payment, enabling you to start your homeownership journey sooner.
Your Path to Homeownership Begins Now
McGowan Mortgages understands the complexities of financial challenges and believes that everyone deserves a chance at homeownership. If you’ve navigated Chapter 13 bankruptcy or have recently been discharged, our specialized financing options can be the key to opening doors to your new home.
Contact us today at (816) 631-9687 to explore how our bankruptcy financing options can help you realize your dream of homeownership. Our dedicated team is here to guide you through the process and provide the support you need to secure your new home.
Move forward with confidence after bankruptcy—McGowan Mortgages is your partner in achieving homeownership aspirations.