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modular home package

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Icon Mini Profile navigator20031





Joined: 27 Sep 2009

Posts: 1

1.27 Dollars($)
Post Posted: Sun Sep 27, 2009 6:22 pm    Post subject: modular home package
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I would like to know the possible options if any of me purchasing a modular land home package with a two year old chapter 13 filing and it has been paid on time with 2 years left before it will be discharged. currently i have a 585 credit score.
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10250
Location: ALASKA
1043.57 Dollars($)
Post Posted: Sun Sep 27, 2009 9:00 pm    Post subject:
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Hi navigator,

As your bankruptcy has not been discharged and with a credit score of 585, I don't think lenders would be ready to give you a loan. The minimum credit score required to get a FHA loan is 620 and for conventional loan it is 740. Moreover, you would get a FHA loan after a year from your Chapter 13 discharge.

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