Posted on: 27th Jul, 2010 02:57 pm
Hello,
We'll be discharged from bankrupsy 3 years this October
Also a foreclosure about 5 years ago, We also have a federal tax lein, which is in the uncollectable stage. Can we still qualify for a home purchase? I've been builing my credit score, its about 640.
We'll be discharged from bankrupsy 3 years this October
Also a foreclosure about 5 years ago, We also have a federal tax lein, which is in the uncollectable stage. Can we still qualify for a home purchase? I've been builing my credit score, its about 640.
Hi royalkat,
As far as I can understand your situation, you would be able to qualify for a FHA loan with a 640 credit score. You need to contact the local lenders and apply for a FHA loan. The lender will check your financial situation and your credit score before approving you for a mortgage.
As far as I can understand your situation, you would be able to qualify for a FHA loan with a 640 credit score. You need to contact the local lenders and apply for a FHA loan. The lender will check your financial situation and your credit score before approving you for a mortgage.
Pay it off and you will be fine. 2 years discharged from Bk and a 640+