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Not sure this helps, but we'll go down to a 580 (but not a 579) middle score via FHA. 3.5% downpayment or as little as .5 if there is a grant available in your area (I can lend in NC, but I'd have to research the grants). BK shouldn't be a problem if it's 5 years ago. If you are just shy of 580, then you may want to take a few steps to get those scores up. It's likely that there are a few minor things that you could do to get there. It's get a little easier once you're above 620 though.... We're much tighter on 580 scores. As far as I know there is no way to go below a 580 score at this time on a home loan with any lender (hard money and what not aside).
I was in about the same boat as you but contacted a lender anyways to see how they could help me and get me on a track into getting a home. I was amazed to find out that my score was actually in the mid 600's when one of those public credit score sites was saying high 500's! Makes me wonder how reliable Equifax is since that was the lowest by 70 some odd points! Good luck...I know how the process feels and how anxious you might be!
You are getting close, I would need at least a year reported on something traditional like the revolving charges. Would also require a verification of rent for the last year. Lenders in your area will need similar.
Check your credit card balances, you want those to be less than 25% of the limit, if you go over 75% on one of them it will pull your score way down. And they are accumulative, two cards over 75% will really pull the scores down. The new installment debt lowered your score also. Don't open any more accounts if you can help it. Few more months, good luck.
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