is it possible to qualify for a home loan with a BK a year ago and a 680 credit score?

Julie
Other/Just Looking
Aurora, CO

Answers (4)
Brian Burke - K...
Broker
Greenwood Village, CO

This is a question for a lender.
Brian

Tue Nov 3 2009, 05:48
The Kinslow Team...
Agent
Denver, CO

Hello Julie,

Hmm, you have two different answers here. I Sold a home to a Buyer that was 9 months out of bankruptcy but that was about 2 years ago. Thing change quickly with loans these days. Your best bet will be to call a lender. I just called one that I work with a lot and he says he can't do it.

Sandy Kinslow
Coldwell Banker

Mon Nov 2 2009, 15:12
Elisabeth Lustok
Agent
80439

Julie,

Yes, it is possible. Current debt to income ratio as well as amount of money you can put down will be part of the total picture. Great credit score for just coming out of bankruptcy. Let me know if I can be of further help.
elisabeth@movetoevergreen.com

Mon Nov 2 2009, 12:21
Bob Schenkenber...
Broker
80111
FIRST ANSWER

Congratulations on getting your credit score back up. Unfortunately there is a requirement that 2 years need to pass from day of discharge to qualify. Here is some more info straight from FHA

http://www.fha.com/credit_issues.cfm

Please let me know if you would like to discuss this, or other potential options.

Mon Nov 2 2009, 12:06

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