Back to Results
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
Angel,It looks like you'll have to wait about a year before you can qualify for anything. FHA allows people to buy two years from Chapter 7 discharge. One thing you'll want to keep in mind is guidelines state that a buyer should have reestablished some new credit (as you are doing with your new credit card) and not have any derogatory marks on your credit report since the bankruptcy. But since your two collections are medical-related it may still be OK. I would do all I can to take care of them ASAP if you seriously want to buy as soon as possible. As far as the down payment goes, 5% is more than enough and is actually the sweet spot for FHA loans (which only require 3.5% down).If you're serious about buying once those two years are up I'd start talking to experienced, professional, local lenders about getting "mortgage ready" now so all is in order once those two years have passed. Hope this information helps a little...Sincerely,GregInnerwork MortgageRoseville, CA
By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.
Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy
For Sale: $72,000
For Sale: $189,900
For Sale: $234,000