Faith Home Loans
Mel Foster Co.
2215 E. Kimberly Rd
Davenport, Iowa 52807
Licensed in Iowa & Illinois
I am a Banker with Chicago Bancorp and we specialize in assisting buyers create a gameplan to ensure that they are prepared to proceed effortlessly when they are ready to take the next steps towards purchasing. Although you will not be able to get financing for a mortgage until June 2011 which sounds far away, there are still other things to consider and plan for. Give me a call ifyou would like to begin putting your personalized plan together. I'd be more than happy to assist you! Feel free to view our website as well.
Serving Maryland, Virginia and D.C
Save the money, get a 700 + fico, then put at least 25% down payment. You will be in great shape by then.
Last I checked most lenders will require 2 years of re-established credit after a BK is finalized. Your best bet would be to meet with a local mortgage broker who has a full array of products available. It's not too early to start to plan, but it may be too early to be approved. If I'm correct, you should take the next 10 months to gain market knowledge of the area you want to buy in, interview some agents to find the one who will represent you the best and save up some down payment.
Congratulations on getting your score up so well since the BK, keep on doing good and by the time you are qualified it will be even higher.