Home Buying in Berwyn>Question Details

Mikep, Home Buyer in Berwyn, IL

I have a credit score of 632, with a closed bankruptcy, can I get a FHA loan?

Asked by Mikep, Berwyn, IL Sun Apr 29, 2012

Help the community by answering this question:


With a Chapter 7, FHA requires 2 years from the discharge date before you can apply for a mortgage. With a Chapter 13, you only need 12 months of solid payment history, permission from the trustee, and a credit qualifying score.

Cecelia Marlow
The Federal Savings Bank
Mortgage Banker
1 vote Thank Flag Link Wed May 2, 2012
It was closed 3 months ago, since then, I have a car and two credit cards. Haven't been late on any of them.
0 votes Thank Flag Link Tue May 1, 2012
Sounds like a possibility but there'd be so much more to know to determine! Call my husband, Jim, with Direct Mortgage, for more info at 847-778-9689.
Web Reference: http://www.footeteam.com
0 votes Thank Flag Link Sun Apr 29, 2012
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