When can my husband and I get a home mortgage?
Written By: admin on November 13, 2009
One Comment
We were discharged from chapter 7 bankruptcy, 12 month’s ago.
and have been repairing our credit reports, have been building up our credit scores,
and saving a down payment, my husband’s salary is 96,000,
per year, when can we buy a home, and can we get a FHA loan with a low interest rate, andput only a 5% to 10% down payment.
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Tags: chapter 7 bankruptcy, credit reports, credit scores, fha loan, fixed rate private student loan consolidation, home equity loan lowest rate, interest rate, salary
You will be able to qualify for an FHA loan 3 years from your BK discharge date & your scores must be above 580. If you are renting currently, make sure that you are paying by check & also make sure that there are no late payments on your credit report after you BK. You will also have to try to re-establish your credit by getting a credit card or two, a car loan or other loan, so it is reporting on your credit report.