Can I buy a home with no credit since bankruptcy 2006, Haved saved up a $100,000 down payment . Eligible VA certificate but cant find a lender .

Asked by Marco Tony Rivera, Orlando, FL Wed May 2, 2012

I did a quicken credit check on their website and it says I have a 623 Fico score by quicken but when i called them they said I have a zero credit score. I called a mortgage broker and they said it doesnt matter I have saved up 100,000 dollars because i cant qualify witn any lender trying to apply for a loan with those stats.

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Alma Kee’s answer
Alma Kee, Agent, Tampa, FL
Mon Oct 14, 2013
If you want to move to Tampa I just listed a really nice townhouse for $107k:…

All the best,

Alma Rose Kee, PA
Future Home Realty
0 votes
lendersnetwo…, Agent, Plano, TX
Mon Oct 14, 2013
I know of a few lenders that could easily do your loan with that much down and a 623 fico. Check out our website I would be glad to refer you to a lender.
2 votes
, ,
Wed May 2, 2012
You may be able to qualify if you have a credit score and alternative credit. Alternative credit includes verifiable rental history (24 months), letter of reference from utility company, and a third creditor, like your car insurance. There can be no late payments can be reported during that time. Further, you cannot have any other delinquent or adverse accounts reporting since the bankruptcy was discharged.

Based on the info in your question, you have met the waiting period for an FHA, VA or USDA loan. So basically, you would have to provide the alternative credit above, your DD 214, proof of income and assets/reserves to get qualified.

I would be glad to speak with you to discuss your options. You may contact me at 4075917693 or via email

I look forward to hearing from you soon.

Town & Country Mortgage Services, Inc.
937 Magnolia Avenue
Orlando, FL
1 vote
Richard- El…, Other Pro, Augusta, GA
Mon Oct 14, 2013
I get these type loans done all the time.

Call me directly so we can get your purchase done in about 21-28 days.

Richard- El Bey
(706) 399-7813
(678) 752-8062 office
0 votes
Joycelewis412, Home Buyer, Sacramento, CA
Sun Aug 11, 2013
If you want to know if you can qualify for a mortgage after short sale, foreclosure, or filing bankruptcy; check out for details.
0 votes
Stephen McRo…, Mortgage Broker Or Lender, Tampa, FL
Wed Jan 23, 2013

If you’re a Marine OR prior service 1987…I’ll help you, but only if you’ll send me 1000 ft of beach line, a Sky Hook, the keys to the jeep and a Pric-E-7.

See the loan programs at

Steve McRory
Pro Option Mortgage/ Florida
Ph: 888 662 4404

Prior Service U.S. Marine Corps
0 votes
Diana M. Per…, Agent, Kissimmee, FL
Wed Jan 23, 2013
I would be glad to assist you by referring you to one of my well-known lenders. You can reach me at 407-729-3560.

0 votes
Steve Ely, , Roswell, GA
Fri May 18, 2012
These guys will work with you.
0 votes
Alma Kee, Agent, Tampa, FL
Fri May 18, 2012
Thank you for your service to our country!
0 votes
Alma Kee, Agent, Tampa, FL
Fri May 18, 2012
Try a credit union. They don't have the strict FICO score and other guidelines and will make a decision based on your individual situation.

Start with
0 votes
Stephen McRo…, Mortgage Broker Or Lender, Tampa, FL
Fri May 18, 2012
Prior service USMC

You can purchase now.

Qualified borrowers in your situation don't have to be sidelined and miss out on purchasing a Florida property at these incredibly low prices!

With as little as 25% to 30% down buyers can purchase a Primary Residence, 2nd Home or Rental Property now!

Reasons to purchase now:

1. Recover past lost equity through buying a Florida property at these extremely low prices
2. Re-establish mortgage credit quickly to refinance ASAP while rates are still low
3. Retain as much income as possible with Mortgage Interest write off savings on taxes

Steve McRory
Pro Option Mortgage/ Florida
Ph: 888 662 4404
0 votes
Steve Ely, , Roswell, GA
Wed May 9, 2012
If you need help providing alternative credit for a lender, you can use eCredable. We are a Credit Reporting Agency that helps people prove they are creditworthy, simply by verifying the routine bills they pay. Our credit report meets the requirements of VA and FHA.
0 votes
, ,
Thu May 3, 2012
I am well aware that you cannot use alternative credit to offset negative or adverse credit. We have a bank that will allow borrowers to provide alternative credit to add credit depth. Fedvet has a score but no open tradelines that give a true snapshot of his/her payment history. Some banks will use the alternative credit along with a rental history to determine creditworthiness.

Jacqueline Clarke
Town & Country Mortgage Services, Inc.
0 votes
Michael D Be…, Agent, Orlando, FL
Wed May 2, 2012
If you have mid score of 623. I suggest that you try Priorty Lending.

Below is an excerpt for an email I recdntly received from

Jorge A. Pelegrin
Florida Mortgage Banker

FHA Minimum Score 600

Everyday the Real Estate Market keeps loosening it's belt. The market is beginning to create opportunities for those who couldn't buy homes with less than good credit.
If you have a client that fits these parameters below don't hesitate to contact us.
FHA loans available now for minimum scores of 600
no BK in the last 2 years
no Foreclosure in last 3 years
SFR, Condo and PUD's
LTV 96.5%
Max DTI 58%

We will Close your loan in 14 days!!

Let us worry about your loan closing, when worrying about prospecting is a task on it's own. Proven results to close within 14 days and highly competitive rates to satisfy all your clients.

Featured Products:
• FHA with 97.75% Financing
• VA Loans up to 100% Financing...No M.I.
• Jumbo Loans up to 80% Financing
• Conventional Loans up to 97% Financing
• FNMA Home Path—No M.I.
• Reverse Mortgage
• FNMA/Freddie Refinance No Maximum LTV!
• FHA Streamline with no appraisal
• Foreign Nationals up to 70% Financing
• Condos up to 90%
Private/Hard Equity Loans! Up to 65% LTV....Call for more details

Michael D. Bellamy, P.A.,
Charles Rutenberg Realty, Inc
933 Lee Rd, Suite 300
Orlando, FL 32810

407.536.MIKE(6453) (direct)
407.622.2122 (office)
866.659.1822 (fax)
"The Standard of Excellence
0 votes
Alexander Gr…, Agent, Winter Park, FL
Wed May 2, 2012
Hello Soldier;

If none of the suggestions below work out for you, then there is always private lenders.
Let me know if you are interested in this option, and I can put you in touch with them.

In the meantime, let me know if I can be of further assistance in your home search.

You can call me any time at 407-929-9674

Thank you.

Have a great day.

0 votes
, ,
Wed May 2, 2012
The lender who told you that is correct, VA/FHA won't extend financing without re-establishing credit post-bankruptcy. Your best bet is to establish some credit immediately so in a year you'll be in a position to buy and use mainstream financing.

Also, chapter 7 bankruptcies will stay on your credit report for ten years so you won't be able to wait out the standard seven year period for negative information to fall off. If it was a dismissed completed chapter 13 then you'll have to wait seven years from the dismissal date for it to fall off your report. If the chapter 13 wasn't completed at all then it's on there for ten years.

Getting a couple of secured credit cards and maybe a small auto loan or some other secured self-financed loan with your bank may be the best way to go.

Best of luck!
Web Reference:
0 votes
Bassem Mosad, Agent, Orlando, FL
Wed May 2, 2012
absulotely you still have a chance to try.. we at coldwell banker have a great oportunities to start with people they filed banruotcy, forclosure or short sale, and it's good for you to work with a strong comapny, i would be happy to help you so please give me a call at 407-373-9394
0 votes
Virginia Dub…, Agent, Celebration, FL
Wed May 2, 2012
Good Afternoon,

I would be pleased to try to help. Please give me a call or email. Thank You.

0 votes
Gregorio Den…, , San Diego, CA
Wed May 2, 2012
I definitively agree with John, you must have reestablished credit . You may want to investigate seller financing.
Web Reference:  http://WeFixRates.Com
0 votes
Tony and Hol…, Agent, Orlando, FL
Wed May 2, 2012
Which lender did you speak with? If you have 100k then i am pretty confident we can find someone to help. And which keller williams location did you talk too?
0 votes
Marco Tony R…, Home Buyer, Orlando, FL
Wed May 2, 2012
Yes I have contacted a keller williams agent who referred me to another mortgage broker. Unfortunately they said that i have have no credit history after the BK7 discharged 2005 i cannot quailify for a VA,FHA nor standard home loan. Is this true?I have saved up100k for a deposit and am debt free but have not applied nor used credit since the BK.
0 votes
Tony and Hol…, Agent, Orlando, FL
Wed May 2, 2012
Actually i heard that VA is pretty forgiving.

I might have a lender for you that can help.

give me a call at 407-497-7688 and I will point you in the right direction.

Good luck and talk to you soon.

Tony Galarza, Keller Williams.
0 votes
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