Hello!
I am trying to obtain a FHA loan. My median score is 678. I have around $30k in student loans. And that is all the debt we have. I make $5500 a month. According to myfico and doing some online research it shows I should get around 4.9%. (Not sure how accurate that is)
The only hickey I have on my report are 2 lates to our last mortgage company, Bank of Oklahoma. We sold this house. We took almost $10k to closing due to a crappy market. 
This really affected our savings for our down payment on a new home.
I spoke with a lender a couple months ago. He told me that FHA loans only allow 1 late in a year. One of these will fall off in October.
I'm just curious if anyone has any experience with this. The lender said we could try, but there is a chance the deal will fall through in UW.
What are your thoughts?
Note: We are in a temporary home w/ the inlaws since we sold our current home and relocated(same job). We are going NUTS... and are beyond ready to be in our own home.
