Based on the information above, does anyone think I have a chance, i'm going through Bank of the West for an FHA.
I think you should work on rebuilding your credit somewhat first...although I hear that FHA will accept credit under 640. your income should be fine. good luck!
As mentioned earlier, your credit scores need some improvement.
The scores you posted where did you get them from? I am not sure if they are FICO scores. If they are not FICO scores you would need to pull your FICO scores for a better judgement for mortgage qualification.
Next question is you are working and going to school, is the job in your field of study? If not then they may want 2 years of steady employment. If it is in the same field of study then your employment would be okay.
Although 620 is the "sweet spot" as far as getting a loan approval, I would shoot for 640 atleast because your score could take a hit when shopping around for the best loan. This doesn't apply if you apply for all interested loan products within the 30 day period but speaking from experience, this almost never happens.
I got the Pre-Approval today!
Here are the details:
Loan Type/Product No.: 211 - FHA 30 YR
Loan Amount: $73,641.00
Sales Price: $75,000.00
Congrats! What was the interest rate of the day?