Financing in 19008>Question Details

Homebuyer, Home Buyer in Delaware County, PA

i need a mortgage. can someone tell me if i would qualify? both of us have score of 671. foreclosure 07/2007, bankruptcy in 2006.

Asked by Homebuyer, Delaware County, PA Sat Feb 5, 2011

bankruptcy lasted 3 months then discharged. have $90k to put as a down payment. only want to buy a home going for 200k.

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The bankruptcy and foreclosure are far enough in the past that they would not directly prevent you from qualifying, we just need to run through the rest of the numbers to make sure everything is in order. Feel free to give me a ring on my cell 412 726 1654
Keith Landis
Flagship Mortgage Corporation
1 vote Thank Flag Link Sun Feb 6, 2011
Go to and you can get pre-approved online. First American Mortgage has consultants throughout the Delaware Valley, including Mike McBride right in Havertown. You can reach him at 610-853-2700, x613, or email him at

Good luck!
Web Reference:
1 vote Thank Flag Link Sat Feb 5, 2011
Hello Homebuyer,

The credit score is good, and the foreclosure and Bancruptcy are far enough in the past that it does not preclude you from getting a mortgage. I need a minimum of 2 years from BK and 3 years from foreclosure before a lender will consider you for an FHA or FNMA loan. You will still need strong compensating factors ( like 45% down) so I say give me a call and lets see if I can get you pre-qualified or if there are other issues that prevent you from getting a mortgage.

Best Regards,
Alan Openshaw
Cornerstone Lending Inc
720 Second St Pike Suite 104
Southampton Pa 18966
Office 215 953 0800
Fax 215 953 1706
Cell 267 992 7276
Voted Best of Bucks 2010
0 votes Thank Flag Link Sat Feb 5, 2011
If you'd like to use a local lender contact: Chris Fretz at: 215.260.1195. I recently used him for a Lawrence Park client of mine. He was very knowlegable Please feel free to contact me with any questions or concerns. Thanks, Steve
Web Reference:
0 votes Thank Flag Link Sat Feb 5, 2011
Dear Home Buyer,
Please go to:…
This is a lender that I work with that will lend to credit scores of 500. If you go to his facebook link, it is the first posting on his wall. It will explain all the details. Or you can call me and I'll put you in contact with him!
Once you get that approval, give me a call to go house hunting!
Emily Landis Torres
Pa Licensed since 1993
RE/MAX Central
215-362-3100 ext 1793
Direct: 267-640-2327
0 votes Thank Flag Link Sat Feb 5, 2011
If everything is correct, you should be fine. Just be SURE not to put yourself into a tough financial situation before you're ready. Julie Montgomery, RE/MAX Masters, Inc.,
0 votes Thank Flag Link Sat Feb 5, 2011
For an accurate answer as it applies to your specific situation, consider visiting with any qualified loan officer(s), after reviewing your overall financials, a determination on qualification can be made, the type of loan, how much, how much down, etc.; if you don't yet qualify, he/she may offer great suggestions as to what needs to be done in order to qualify in the near future...
0 votes Thank Flag Link Sat Feb 5, 2011
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