According to hud you can purchase one year while in chapter 13 with FHA as long as you have at least a 580 credit score, on time payments history and with the trustees approval.

@Nathan Williams process the applications received quickly and pick the best applicAtion only based on approval criteria.

Obviously the contract should be written so that you can back out until the bank approves the sale, but still something to think about. 

I’m already pre-approved and have been looking for properties for a few months.

Around me you need approval from the county to do anything.

Once it's pending and has been set and docketed at the courthouse, the homeowner can accept an offer, but it would still need to be approved by the bank if there have been lis pendens filed.

It also tells the seller that you already have funding approval.  

I don't think we can get approved for   $3-5 Million loan with 5% rate.

In the beginning I only had to get HOA approval to rent on purchase.

If you are financing, it’s a pre-approval letter.Don’t focus on solely rates at first.