Buying a home

[zoomzoom]

Hi,

It's been little over a month since our discharge from a Ch 13. We just put our house in the market and want to buy a new one. We really want to move out because our school district is not the best (Philadelphia) and we want our child to go to a better SD when he starts 1st grade next year.

We qualify for a VA loan. Some people say we can get approved, others that we need to wait the 2 years or whatever that is. Is this accurate?

[oldhack]

...We qualify for a VA loan. Some people say we can get approved, others that we need to wait the 2 years or whatever that is. Is this accurate?

The 2-year proviso relates to FHA loans, and to Chapter 7 ONLY! Yes, you can qualify (which is not to say you WILL -- that's up to lenders). For example, I closed on an FHA-guaranteed mortgage loan 55 days after Chapter 13 discharge earlier this year.
VA (and USDA) guidelines are somewhat more lenient that FHA's, by the way.

[zoomzoom]

That's good to know! We are shopping around for lenders. What lenders do you recommend?