You must educate yourself about mortgage financing options!!

FHA loans are available to individuals currently in a chapter 13 bankruptcy-this applies to purchases or refinancing.  You have to have made the past 12 months of payments on time.  This is unlike conventional loan products which require a minimum waiting period from the bankruptcy discharge date.  How many borrowers have you met that either are in a chapter 13 BK or have just recently had one discharged?  How many borrowers have been told buy their loan officer that they had to wait or accumulate more of a down payment before they could buy a home?

If you want to sell more homes, you need to know and learn about the financing.  Don't rely on what on what one mortgage company may tell you.  Many banks and mortgage brokers do not finance with FHA loans.  The approval requirements are higher and not everyone can or wants to go through the process.  As such, you may never hear about the FHA options.  You need to at least explore FHA-the down payment requirement is only 2.25% on a purchase.  Total buyer contributions must be 3%.  BUT, the contributions can be from a gift-of which there are down payment assistance programs available that can provide the gift.  I could write a book about all the cool things FHA can do.  Go to hud.gov to learn more. 

I have been selling homes in MInnesota since 1986-http://www.selling.mn and a Minnesota broker associate since 1988.  I have been financing homes as a Minnesota mortgage broker since 1995-http://www.ventureloanapp.com    I am able to structure transactions with the maximum number of options for the borrower and seller.  Too often, buyers don't know what is available.  The housing crisis can be resolved quicker with better eposure to the complete set of mortgage loan financing options.

Make sure whomever you select to provide the financing that they are experienced and knowledgable about loan product choices.