Posted on: 23rd Jul, 2012 06:57 am
40 months ago I had a home foreclosed on and 2 years ago I went thru a ch 7 bk. since the bk I have not defaulted on any debt n my credit scores are 679,679,and 669. My total debt per month is 65 dollars and my gross income is 2200 a month. Would I even qualify? I'm looking for homes within my 31% debt to income ratio. Any advice would be helpful
Based on the information you provided, it sounds like you would be a candidate for an FHA loan. Feel free to click on my profile and contact us, and we will review your mortgage options.
Hi ChrissyS,
Other factors to consider are bankruptcy and foreclosure. If you had a Ch 7 bankruptcy discharged more than twenty-four months ago, or successfully completed a Ch 13 with satisfactory payment history, you are still eligible for an FHA loan.
Hope this can help you! :idea:
Other factors to consider are bankruptcy and foreclosure. If you had a Ch 7 bankruptcy discharged more than twenty-four months ago, or successfully completed a Ch 13 with satisfactory payment history, you are still eligible for an FHA loan.
Hope this can help you! :idea:
hi chrissys!
welcome to forums!
as 2 years have passed since your chapter 7 bankruptcy discharge, you can get qualified for a fha loan. you should contact the local fha lenders and take their help in this process. this community has a large number of lenders. you can seek a no obligation free mortgage quote from them and check out if they can help you in getting the loan.
feel free to ask if you've further queries.
sussane
welcome to forums!
as 2 years have passed since your chapter 7 bankruptcy discharge, you can get qualified for a fha loan. you should contact the local fha lenders and take their help in this process. this community has a large number of lenders. you can seek a no obligation free mortgage quote from them and check out if they can help you in getting the loan.
feel free to ask if you've further queries.
sussane
Yes, you qualify.
Since 2 years is over since the Chapter 7 bankruptcy, and moreover since you have a good credit score, you may be a good candidate for an FHA loan.