do i still qualify for an FHA loan?
i had a bankruptcy in 2009. am i still eligible for this loan if purchasing my first house and i have gotten my credit score back up to the 670s?
- ?Lv 69 years agoFavorite Answer
FHA requires two years after a Chapter 7 is discharged, or at least one full year of timely payments with a Chapter 13 payment plan. A link to the guidelines in the HUD website is posted below. Underwriters will have no tolerance for late payments made after a bankruptcy. Your score is high enough, so if you meet the income and down payment guidelines the bankruptcy won't keep you from qualifying.Source(s): Licensed Loan Officer in Ohio
- Calvin CLv 79 years ago
going to be very tight. debt income ratio? savings?