Can I be preapproved with a Chapter 7 bankruptcy in 2009 and a credit score of 603?

Your time frame is good, but your score is a little low. Contact a local Mortgage Banker/Broker, rather than one of the big banks or big national mortgage factories. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination, and can help you identify the simple steps needed to take to get your scores up so you can get the best programs out there. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

There is work to be done.. You need to pay down your credit card to $30.. That should increase your score. Also, if there was a home involved in your BK, then you would have to wait till 3 years after the deed to the home was transferred out of your name.. Keep in mind that just because you file BK, this by itself does not remove you from the deed.. The clock starts ticking when the deed is no longer in your name. if there was no home involved in the BK, then 2 years is the waiting period, assuming you have no "Bad Credit" Since the BK.. if you do, it's going to be very tough for any lender to find you a loan... if you want to know for sure, you should contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com