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FHA loan, 620 credit score, over 2 years out of bankruptcy

So, I met with a lender a few years ago about purchasing a house shortly after i filed bankruptcy, and he told me if i had a 620 credit score i would qualify for a FHA loan. 

So it has been over 2 years since my bankruptcy, I have been watching my credit like a hawk, rebuilding credit history, and now my credit score is coming back up, and last i checked it (getting if form various sources) 609-630. 

So now i have been putting thought about purchasing for my family to actually have a home of our own. 

Basically, what are the chances i could get a FHA loan with the information provided, and i am also in search of a lender who i could talk to about all this. 

Thank you 
 
  • July 16 - US
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Answers (4)

Based just on your credit scores, your chances are good!  For FHA financing we go down to 580 credit score.  
  • July 17
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As long as you have established some new credit and had great payment history since the BK, you should be in a good place for FHA financing today. 
  • July 17
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We can finance down to 530 FICO scores depending on the State the property is located in.  We do not charge any lender fees and generally can close loans in 2-3 weeks.  Contact me through my profile if I can be of assistance.
  • July 16
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Profile picture for GMerino
You have a good chance with the scores that you have provided and knowing that you have established credit.  How about a down payment?  The norm is 3.5% down for an FHA home loan!

You should connect directly with a loan officer to go over your scenario and see about a pre-qualification.  Good job on rebuilding your credit!  If you would like more information please reach out to me through my profile.
  • July 16
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