HUD allows Chapter 13 Bankruptcy buyouts, and is subject to your Trustee approval. You will need to show timely payments for a 12 month history with no late Bankruptcy payments, and on time payments for items that were not including in the bankruptcy.

FHA Chapter 13 Refinances require that you a 12 month history from when you have filed the bankruptcy.  It is important that you have equity in your home to be able to roll the Chapter 13 balance into your mortgage. Borrowers may reduce up to 50% of their total monthly payments, and will not need to wait a long time to refinance. This type of mortgage refinance is also known as a fresh start mortgage. By paying off your BK 13, you will be discharged, and receive a fresh start to your new financial future!

The FHA UFMIP – Up Front Mortgage Insurance Premiums have changed, may surprise a lot of borrowers with a low down payment & credit score. The new Annual MIP will be from 0.50% to 0.55%. The highest UFMIP will be at 2.25%, and pay 0.55% in the Annual MIP.

Make sure to read about the New FHA Risk based Premium