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VA Loan Post Chapter 13 Bankruptcy with Late Payment
Team,
​I am a retired Army veteran seeking a zero-overlay VA manual underwrite for an active purchase contract. We are requesting a 21-day extension for a late-October closing.
​My previous lender denied my file due to internal overlays on post-bankruptcy lates. I have a backup lender, but they are offering a very high interest rate of 7.125%. I am reaching out because my file meets official VA manual guidelines, and I am looking for more competitive wholesale pricing.
​Quick Profile:
- ​FICO: 683
- ​Chapter 13 Discharge: March 2025
- ​Late Payments: May & July 2025 (Detailed LOX prepared)
- ​Clean History: 15 consecutive months of perfect payments since July 2025
- ​Compensating Factors: Verified liquid reserves, 12-month VOR via bank statements, and I meet VA residual income requirements.
​“I am currently pre-approved with a Lender at 7.125% but I am shopping for a better rate. My file is a VA manual underwrite with a 683 FICO, an 18-month-old Chapter 13 discharge, and 15 months of clean history. Are you able to broker this file out to a wholesale lender like UWM to get me wholesale pricing, or are you going to price it with retail manual underwriting overlays?
Can you get approved for a VA loan with post-bankruptcy late payments on manual underwriting?
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