You will have to wait a minimum of three years for an FHA loan and two years with approved extenuating circumstances and 10% down for a Conventional before you will qualify for a mortgage loan. Your credit history and score will be the deciding factor in when you will be approved. However, you can go ahead and contact a local mortgage professional to help you with a plan to purchase. If you would like me to send you names of a few excellent agents in town, just give me a call or an email.
Realty Executives Associates
109 Northshore Dr. Suite 201