https://ficoforums.myfico.com/t5/Bankruptcy/A-mortgage-after-bankruptcy/m-p/183264#M1377 <DIV><DIV><BR /><BLOCKQUOTE><DIV><HR />amiencc wrote:<BR />My BK was discharged 15 months ago...I know they say you can qualify for a home loan after two years at subprime rates...but my FICO score currently is 702. I have 9 more months to go before the 24 month waiting period is over, and I am assuming I can get my FICO score up a little higher by then, but even 702 is not considered a subprime score. Would my score hold more weight than the bankruptcy? Would I be able to qualify for regular rates, do you think?<BR /><HR /></DIV></BLOCKQUOTE><BR /><DIV>I dont think you should have a problem getting a conventional mortgage now.&nbsp; But if you want to wait 9 months &nbsp;dont worry too much about your fico score at this point.&nbsp; just do not get anymore negative hits on your credit report and you should qualify for an FHA loan.&nbsp;&nbsp;Even if &nbsp;FHA adopts newer guidelines that allows them to look at your score you should be fine.&nbsp; I heard if those guidelines ever get in place their score requirements will be in the mid 500's along with 1 year of perfect credit (2year of perfect credit if you have a&nbsp;BK).</DIV></DIV></DIV> Tue, 18 Mar 2008 13:50:46 GMT Anonymous 2008-03-18T13:50:46Z https://ficoforums.myfico.com/t5/Bankruptcy/A-mortgage-after-bankruptcy/m-p/182347#M1367 My BK was discharged 15 months ago...I know they say you can qualify for a home loan after two years at subprime rates...but my FICO score currently is 702. I have 9 more months to go before the 24 month waiting period is over, and I am assuming I can get my FICO score up a little higher by then, but even 702 is not considered a subprime score. Would my score hold more weight than the bankruptcy? Would I be able to qualify for regular rates, do you think? Mon, 17 Mar 2008 06:44:10 GMT https://ficoforums.myfico.com/t5/Bankruptcy/A-mortgage-after-bankruptcy/m-p/182347#M1367 Anonymous 2008-03-17T06:44:10Z https://ficoforums.myfico.com/t5/Bankruptcy/A-mortgage-after-bankruptcy/m-p/183264#M1377 <DIV><DIV><BR /><BLOCKQUOTE><DIV><HR />amiencc wrote:<BR />My BK was discharged 15 months ago...I know they say you can qualify for a home loan after two years at subprime rates...but my FICO score currently is 702. I have 9 more months to go before the 24 month waiting period is over, and I am assuming I can get my FICO score up a little higher by then, but even 702 is not considered a subprime score. Would my score hold more weight than the bankruptcy? Would I be able to qualify for regular rates, do you think?<BR /><HR /></DIV></BLOCKQUOTE><BR /><DIV>I dont think you should have a problem getting a conventional mortgage now.&nbsp; But if you want to wait 9 months &nbsp;dont worry too much about your fico score at this point.&nbsp; just do not get anymore negative hits on your credit report and you should qualify for an FHA loan.&nbsp;&nbsp;Even if &nbsp;FHA adopts newer guidelines that allows them to look at your score you should be fine.&nbsp; I heard if those guidelines ever get in place their score requirements will be in the mid 500's along with 1 year of perfect credit (2year of perfect credit if you have a&nbsp;BK).</DIV></DIV></DIV> Tue, 18 Mar 2008 13:50:46 GMT https://ficoforums.myfico.com/t5/Bankruptcy/A-mortgage-after-bankruptcy/m-p/183264#M1377 Anonymous 2008-03-18T13:50:46Z https://ficoforums.myfico.com/t5/Bankruptcy/A-mortgage-after-bankruptcy/m-p/185529#M1397 <DIV>Hi,</DIV><DIV>&nbsp;</DIV><DIV>I was discharged of my bankruptcy about 2 months ago. My credit score went from 500 to 638 in about 2 months. My rent is outrageous in NY. Everyone tells me that my rent is more than what I would pay in a mortgage. I have about $10,000 in savings. Would you suggest I wait that 2 year mark? Any advice would be greatly appreciated.</DIV><DIV>&nbsp;</DIV><DIV>Thanks!<BR />Rosa</DIV> Thu, 20 Mar 2008 17:01:18 GMT https://ficoforums.myfico.com/t5/Bankruptcy/A-mortgage-after-bankruptcy/m-p/185529#M1397 Anonymous 2008-03-20T17:01:18Z