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Can a person who has just done bankrupcy do a H4H loan adjustment thru fha?

I see no credit requirements on the new Hope for Housing loan(effective oct 2008), other than you must be unable to afford your current mortgage, and it must be more than 31% of your income. Are there any credit requirements? We excluded the house from bankruptcy.
  • January 31 2009 - Orangeville
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Answers (4)

First let me say how sorry I am that I did not check this page for questions.  I thought any questions would come to my e-mail address.

There is not  a credit requirement for the H4H.  And no BK does not exclude you.  The hard part is getting yur current lender to agree to the write off. If your still looking for some help with a modification.  Your best bet now is the Home Affordability program.  Again I am sorry.. 
  • June 19 2009
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There guideline state: Borrowers in Bankruptcy are not precluded by FHA requirements from participating in the H4H Program.

  • February 06 2009
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Profile picture for wetdawgs
Very few (if any) lenders took the "new hope for housing"  seriously.


  • February 01 2009
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noone knows the answer here I guess
  • February 01 2009
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