If you have a forclosure on your credit and a bankrupsy how long until you can qualify for a fha loan or

Becky
Becky
Home Buyer
54002

rural loan? Working at the same job past 6 years.

Mon Jul 13 2009, 11:53 - Home Buying in Amery - 2 answers
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Bill Eckler-Flo...
Bill Eckler-Flo...
Agent
Venice, FL

Becky,

There is a direct relationship to the amount of time it takes you to restore your credit by not accumulating debt and paying bills on time. Yes, the number that consistantly comes up with these situations is 7 years but that depends on your credit at that time....nothing is automatic.

Mon Jul 20 2009, 09:11
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Katina Wright
Katina Wright
Agent
30310
FIRST ANSWER

Greetings,
I believe the old rules are 7 years.

Hopefully a mortgage broker will respond with an exact.

Good Luck,

Web Reference: http://www.FultonCountyREO.com
Mon Jul 13 2009, 12:16
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Shiversandsp…, Home Buyer in 54020
wondering about ...... if you have 10,000 down and you have not so good credit can you still get a fha loan?
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Saving $ Lady, Real Estate Pro in Carlyle, IL
If you have a forclosure on your credit and a bankrupsy how long until you can qualify for a fha loan or
Answered Mon Jul 13 2009, 11:52 by Saving $ Lady in Amery
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