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Zackboy

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My credit karma score is 732, what chance for mortgage of 160,000.00?
Looking to buy home in Florida, have Chap 7 in 2014, CK score is 732. What are my chance to get mortgage of 160,000.00. I am retired with income of $51,000.00

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First, Let me point out

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That there ae over 300 scoring models in use in the US today.  Mortgage companies rartely use FICO scores and generally have an In-house credit department that will generate a credit score for a new loan.  So a score of 732 on CK is not a real indicator of what kind of score you would get with the lender.  They weigh the factors in your score differently than a FICO score which is basicly on the last 2 years of your finances.

In general, I'd say that your chances are fairly good if you have a sufficent down payment and if the Chapter 7 has been resolved.  I would suggest that you contact a mortgage banker with your bank and ask about "Pre-Qualifing" for the mortgage so that you have an idea of what would happen in advance.

Good luck

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