Getting a Mortgage While in Chapter 13 Bankruptcy: What You Need to Know

Published on February 21, 2025 by Casey Yontz, Bankruptcy Attorney

Steps to Obtain a Mortgage in Chapter 13 Bankruptcy

Whether or not you can obtain a home loan whilst in chapter 13 bankruptcy is a common question. The good news is that it is possible.

Below are generally the steps of how this is obtained.

Before applying for a mortgage, you must get approval from the bankruptcy court...

Once you obtain court approval, the next step is to find a lender willing to work with borrowers in Chapter 13 bankruptcy...

If your mortgage application is approved, your Chapter 13 repayment plan must be modified to account for the new loan...

Once your revised repayment plan is prepared, a hearing will be scheduled before the bankruptcy court...

Lenders typically view borrowers in bankruptcy as higher-risk, which can result in increased interest rates and fees...

Your ability to qualify for a mortgage will depend on your financial stability...

Because obtaining a mortgage during bankruptcy is a complex legal and financial process...

While obtaining a mortgage during Chapter 13 is possible, it may not always be the best financial move...

Getting a mortgage while in Chapter 13 bankruptcy requires careful planning, legal compliance, and financial discipline...

Complete the form below to speak with an experienced bankruptcy attorney.