FHA loan and extenuating circumstancesHello, My wife and I are interested in purchasing a single-family home via an FHA loan this year. At the present moment we have $20,000 saved for the purchase of this home. The home we are looking to buy is between 130K-140K, if not then less. We are looking for your sincere help because we have a bankruptcy in our history which was discharged more than 2 1/2 years ago. I only, have a foreclosure, which I believe finalized in October of 2011. The reasons for the bankruptcy and foreclosure are extenuating. In February of 2009, I lost my job because the company closed, that same month my daughter was born on the 21st. Soon after the birth, my wife developed post partum depression and had to stay at home to oversee her treatment and the care of my daughter. A couple of month later, my wife eventually lost her job because of the depression and increasing anxiety. These extenuating circumstances caused our past situation. Since then, we have both re-established our credit to good standing, have stable jobs and are ready to purchase a home with a low down payment and low interest rate. I read the rules about foreclosures and eligibility for an FHA loan and it allows rooms "extenuating circumstances" as long as they are proven and documented. If you have experience with approving individuals with "extenuating circumstances", please share your experience. We are located in Miami, fl. Thank you, Jose DiazSeptember 01 2012 - Miami0YesReport 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.