Here is a general outline of my situation:
Ch. 7 BK Discharge 10/2012 (strategic due to medical and start of business)
Current Mortgage included in Bankruptcy however I have continued to pay and stay (was not behind prior to filing)
Current Mortgage was not reaffirmed.
Current mortgage had a first and a HELOC acting as a second. Both indicate IIB on my credit reports.
AFTER filing and BEFORE discharge, I settled the HELOC with the lender for less than balance owed due to attorney advice.
Employment: Self Employed since 9/2011 (income comes from a combination of foreign wire transfers, as well as domestic). All verifiable per my local credit union statements.
Income for 2014 will be $136,000 minimum
Income for 2015 will be $150,000 minimum (projected - client contracts signed for indications)
I have approx. $35,000 in liquid assets in savings account.
Installment Debt: $300/month (auto) $24,000 balance
Credit Cards: $37,000 available credit - only keep $200 revolving per month
FICO Credit Scores (as of today) Experian:667 Equifax: 666 Trans: 648
Purchase Price: $420-$430k FHA Loan Limits in my county is $362k
When can I get a mortgage? I’ve been told multiple things. How can I best align myself for success?
Fico 8 Scores 5/1/22 :
799 EQ | 793 TU | 809 EX
