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FHA and backruptcy

My credit score is 701, I had a dismissed bk back in 2005. Do i qualify for a FHA home loan. by manny9389 from Long Beach, California. Sep 10th 2010 Reply


Akali Dennie (adennie)
#54 ranked lender in Florida - 196 contributions

Hi Manny. From what you describe, you would qualify for an FHA mortgage. Freedom Mortgage is a Direct Lender of FHA and funds loans in all 50 states. Please send me an email and I can have an Approval for you today. adennie@fmbranch.com. Thanks.

Sep 11th 2010
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Crestico Funding (CresticoFunding)
#316 ranked lender in California - 340 contributions

Hi Manny, you should be fine, if you are located in California, feel free to call or email me for more information. Houtan.Hormozian@Crestico.com or 949 242 5215

Sep 10th 2010
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Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions

The time period since your BK is within guidelines. Your credit score is good. But, there's more to it than that to qualify. Let's say, you are a good candidate for a FHA loan. .... Happy funding, Rudi

Sep 10th 2010
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Brett Pehrson (brettpehrson)
#19 ranked lender in Utah - 228 contributions

You're probably going to have to explain your reasons for filing; since it was a dismissal, you'll probably have to demonstrate that your reasons for filing have been remedied, since your debts were not discharged. Your credit score is good, but factors in your credit file will be reviewed, also; with that score, you're probably okay, though.

Sep 12th 2010
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Wes Hankins (Wes Hankins)
#118 ranked lender in California - 18 contributions

it sounds like you have restablished your credi, so it should be fine.if you are in california, please emailInfo@weshankins.comOwnerVault Financial

Sep 13th 2010
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Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions

Manny, Right now you can. Guidelines are changing often lately. I just got notified by two of our traditional lenders, that effective today they are requiring 7 years from discharge date, instead of 5.FHA is currently at 2 years. But, who knows what tomorrow will bring. .... Happy funding, Rudi

Sep 13th 2010
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