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Financing in Miami Shores : Real Estate Advice

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Activity 1
Thu Nov 5, 2009
answered:
Marianne, FHA needs at least 2 years since BK discharge if it was a 7 and 2 yrs since filing if a Chapter 13 provided the 13 is discharged. So you are clear on the BK.

703 is a good enough score

As far as is the income enough, I would need to see what other bills you have and what the property taxes and insurance would be but I am guessing it will be close.

FHA does allow Non occupying co signers so your parents could sign as well and that could help.

Because your situation has a bit of complexity to it, I would say that your best bet is to let someone take a complete application and see exactly what your income is and get you pre approved.

I would be glad to help but I also want you to know that you can do this with any FHA approved lender.

I am an FHA approved lender and I do not charge any fees for pulling credit and taking the application for pre approval.

Bottom line is that your scenario sounds doable.

Andrew Kashella
727-331-8405
The Lending Team - Clearwater FL
AKashella@TLTLoans.com
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