Tuesday, May 5, 2015

Bankruptcy paid in full today. Can I get approved for a loan (FHA) to buy a new house?


My husband just paid off his bankruptcy balace today. It was over $75,000. He's been paying on it monthly, on time, for 2 1/2 years, and decided to pay it off early, costing us 31,000 today. We want a brand new home but we are worried about being declined for a loan. I am a stay at home mom, so he's the primary bread winner. Is it too early to apply for a loan for a new house? We do not want to rent, and would love to sale our current home and move this summer. Any advice?

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