Hi Craig, your credit report may say paid in full, but was it actually? Sometimes a short sale reports a full payment on your credit report as part of the settlement. So the question is, did you actually pay off the full balance,in that case it was not foreclosed, just in default, or was it a short sale, or was it bought at the foreclosure sale? It matters. There is a great difference between 580 and 650, 580 is poor, 650 is fair, good is 680-720, best is 740 to 850. You can ALWAYS, get financed with HARD MONEY-14-15% INTEREST, but the best rates today 3.75-4.25 are for the two years no lates, and three years after a short sale, foreclosure or bankrupcy. The student loan has to be deferred for 12 months from the application, not in forebearance, otherwise the payment on the student loan will be included in your debt ratio. the underwriter may count it anyway. How long has it been since you were out of school? the underwriters are looking for reestablished credit, good credit, two years old, at least 3-4 accounts. Perhaps an owner carry is best , refinance in one year to pay the owner off. that will give you another year to reestablish yourself and have a payment record on the "owner carry" loan. OR.... private lending, an individual who may lend you the money at a decent rate since you have so much down.