Take The First Step To Getting A Chapter 13 Mortgage Loan
Peoples Bank recognizes that purchasing a home during or after your Chapter 13 Plan is a goal for many clients. Unlike other banks, Peoples Bank has a department dedicated to helping borrowers get a mortgage loan after their Chapter 13. Peoples Bank Mortgage can offer Chapter 13 mortgage loan as soon as 12 months into your Chapter 13 plan with trustee approval and even more options as soon as 1 day after your Chapter 13 discharge without having to get trustee approval. Start your next chapter and begin your path towards owning your own home with Peoples Bank Mortgage.
Speak with one of our Mortgage Consultants about getting a Chapter 13 mortgage home loan. Fill out our Consultation Request form below or by call us at (843) 606-6058 or toll-free at (855) 406-0197.
Steps To Getting a Mortgage Loan During or After Chapter 13 Bankruptcy
1) Consultation
First, you will speak with one of our Mortgage Consultants about your goals and discuss what you are looking to accomplish. The consultation provides you with the foundation you will need to pursue the appropriate loan product. We address the most common stumbling blocks that you may face during your Chapter 13 loan process.
2) Application
Next, you will complete our loan application either online, on the phone, or in person. We are available to guide you through the application process if any questions arise.
3) Credit Review
Then Peoples Bank Mortgage runs a 3-in-1 credit report. After careful review, we consult with you about a range of topics from verification of accounts, to updating credit inaccuracies that are common with our Chapter 13 Bankruptcy clients.
4) Home Loan Request Submission
With the help of our processing specialists, we gather all the necessary information required to submit your loan request to our underwriting team.
5) Removing Conditions
In some instances you will receive a list of conditions from our underwriters that request further clarification specifically to address problems associated with your Chapter 13 Bankruptcy home loan request.
6) Clear to Close
From here we collect the final home loan documentation. Your closing attorney or escrow agent with arrange the final insurance and escrows.
7) Closing on Your Home
You’ve done it! Now we review, witness, sign and notarize the final documents.
8) Staying in Touch
Lastly, Peoples Bank Mortgage keeps in touch with you through a yearly mortgage review and personalized updates about mortgage trends.
*If you haven’t begun the Chapter 13 Bankruptcy filing process it is best to connect with a bankruptcy attorney near you.