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would like to buy new home

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rush_randy Joined: 22 Jul 2008 Posts: 1 1.44 Dollars($)	Posted: Tue Jul 22, 2008 6:10 pm    Post subject: would like to buy new home Like 0 Dislike 0 paid out of chapter 13 early and have new car loans since.Equifax score is 643. Income is 110,000 annually
evolovik26 Community Expert Joined: 15 Aug 2007 Posts: 537 Location: Minneapolis 28.93 Dollars($)	Posted: Tue Jul 22, 2008 10:02 pm    Post subject: Like 0 Dislike 0 when did the bk proceedings start? how long you were in repayment? are you self employed? how much downpayment you have? and yes you can get a loan but the terms will depend on these questions among others _________________ Eugene Volovik Home Loan Consultant Countrywide 612-481-3127 Conventional, FHA and Commercial Lending in 48 states
morgan rush Guest	Posted: Wed Jul 23, 2008 6:37 am    Post subject: New home construction mortgage Like 0 Dislike 0 Filed chapter 13 on 6/04/2004 due to unemployment. Established good job soon after ( have documentation ). Bk was paid back at 100 percent ($86,000) and discharged 3/10/2008. Sale of current home for down payment
Johnny1 Guest	Posted: Wed Jul 23, 2008 6:43 am    Post subject: Like 0 Dislike 0 Hello. Wait a bit and improve your credit score. To get better rates you should have above 680 credit score. If you can pay higher interest rates then you can go for the mortgage now.
Guest	Posted: Wed Jul 23, 2008 8:58 pm    Post subject: Like 0 Dislike 0 If you have no credit issues since bk filing and you can document 2 years of income you can most likely get a loan. An FHA loan would likely get you the best rates but FHA loans have loan size limitations. As far as anything more specific I would need to know full situation before I could quote you something or tell you what you qualify for. You can always contact a lender you trust in your area as well.
evolovik26 Community Expert Joined: 15 Aug 2007 Posts: 537 Location: Minneapolis 28.93 Dollars($)	Posted: Wed Jul 23, 2008 8:59 pm    Post subject: Like 0 Dislike 0 thats me above sorry didn't log in _________________ Eugene Volovik Home Loan Consultant Countrywide 612-481-3127 Conventional, FHA and Commercial Lending in 48 states
marcm2 Joined: 27 Jul 2008 Posts: 5 3.59 Dollars($)	Posted: Sun Jul 27, 2008 12:51 pm    Post subject: RE: would like to buy a new home Like 0 Dislike 0 [Promotional content deleted as per the forum rules] Marcm2.jpg  Description: Hope to be able to help.  Filesize:  3.35 KB  Viewed:  94 Time(s)
brian1 Community Expert Joined: 14 Jun 2008 Posts: 448 Location: Northern California 15.61 Dollars($)	Posted: Mon Jul 28, 2008 10:50 pm    Post subject: Like 0 Dislike 0 OP Congratulations on getting through the BK. You do not need a 680 score with FHA you can get a loan now with as little as 3% down. If you hurry you may be able to take advantage of the seler assisted down payment program but the deadline is running 9/30 unless something changes. Good Lu _________________ Licensed Broker 50 states http://www.aimwithfocus.com Live Chat available Need quick advise email or PM Glad to help Pre-approvals www.applyonlinesecure.com

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