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what are FHA requirements currently

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fozman68 Joined: 14 Nov 2007 Posts: 29 12.29 Dollars($)	Posted: Wed Nov 17, 2010 4:49 pm    Post subject: what are FHA requirements currently Like 0 Dislike 0 Hello, it's been over 3 years since I sold my home, which was under chapter 13. I would say all of my bills have been paid on time, except for 1 car loan. Are there any chances of getting another mortgage? If there is a chance of getting approved, then how much money would I need?
dipaligopale Joined: 25 May 2010 Posts: 790 22.70 Dollars($)	Posted: Wed Nov 17, 2010 5:17 pm    Post subject: Like 0 Dislike 0 Hi fozman68, Welcome to mortgage fit, for ch.13 you must have 1 full year clean credit....Apart from this if you have minimum 620 credit score,chances for getting approval greatly increases... for further reference you may visit this link... http://www.mortgagefit.com/fhaloan/chapter13-dismissal.html Feel free to ask any further query if you have.......... DIPA _________________ 1.The best of intentions must still have directions !--Unknown author 2.When I hear somebody sigh, "Life is hard," I am always tempted to ask, "Compared to what?" - Sydney J. Harris
fozman68 Joined: 14 Nov 2007 Posts: 29 12.29 Dollars($)	Posted: Wed Nov 17, 2010 5:31 pm    Post subject: Like 0 Dislike 0 Thanks, and funny. I'm the one who started that link you referred me to. I'm happy with my current rental, but it has been a battle to get credit score above 620. I was at 489 last November, now at 532? I have 2 car loans and 3 small credit cards. Any idea's on how to get score up by this time next year?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Wed Nov 17, 2010 8:12 pm    Post subject: Like 0 Dislike 0 Hi fozman! Welcome to forums! You can check out the given page in order to know some tips to improve your credit score: http://www.mortgagefit.com/credit-rating/credit-repair.html Take a look at it. I hope it will help you. Sussane
robbenham3 Joined: 07 Dec 2010 Posts: 7 1.91 Dollars($)	Posted: Thu Dec 16, 2010 5:11 am    Post subject: Like 0 Dislike 0 Credit utilization is a big factor in your credit scores. If you can keep your revolving balances below 30% of your credit limit, your scores will go up. _________________

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