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would i qualify for a home loan?
I went through a foreclosure 1.5 years ago due to employment. Been at current job since foreclosure, make 40k-50k range, credit score of 680 per creditkarma, can put $10k down. Looking to finance $70k. Dti is currently 19% with auto loan and cc debt. If I wouldn't qualify, how long after a foreclosure are you able to be approved for a mortgage? Thank you!!
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ab82890
1 year ago
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hmm it depends on the bank or credit unions polices. Most like to see 2 years of work history without any interuptions. your credit score is improving and will continue to improve...with the next few months. (get your credit report) the more you can put down the better. I would look and gather all the information about FHA Loans. Shop and look around. you might need a co-signer with a strong credit score too.
blindley 1 year ago