You can qualify for a conventional mortgage loan with a 520 credit score in the Cook County.
You can also use alternative credit such as: gas, electricity, phone, cable bills, etc.
I have other important information that I want to share:
The waiting period to buy another house after foreclosure or short sale is three years.
The waiting period to buy another house after bankruptcy is one year.
This info. is for the Cook County Illinois.
Other questions? please feel free to call me.
Hilda Rosas/ Real Estate Managing Broker
Feel free to give me and our team at Diamond Residential Mortgage a call at your convenience for a free consultation. We are a full service mortgage bank with in house origination, processing, underwriting, closing, and funding departments.
Diamond Residential Mortgage Corporation
How much do you have available for down payment?
There may be some options but it may be wiser to spend the next few months clearing up an credit issues that you have and therefore put yourself in a better position of success down the road.