Chicago Land Chapter 7 BK: Very Unique Situation, looking for a mortgageIn Feb of 2012, we were discharged in a Chapter 7 BK. We were sued, lost in court and were ready to appeal, we were advised that rather then fight to pursue chapter 7. Normally we wouldnt have qualified but owning a business we had a very heavy year involving multiple office leases.In the BK we affirmed everything and have zero credit card debt going into it. We reaffirmed our home, cars. 1.5 years later, my middle credit score is right around 700. We have plenty of equity in our home now and have a decent cash reserve. We are considering do we try to find a credit union or bank that will lend to us now. Which will probably entail a a little higher rate and 20% down or will we qualify next Feb to go FHA at 3.5% down at a better rate.Your opinions are appreciated and advice on lenders would be very helpful.June 04 2013 - Naperville00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.