I was going thru my old paperwork that my mother and I originally applied for mortgage in 1999. I was working with DCA (Debt Counselor of America) when I stopped in Dec of 1998... I still had around 11k of debt when I applied for mortgage 2 months later 2/8/1999 I noticed mortgage credit application that my credit score was 591 and I did apply with my mother as co-borrower, hers was 610. Now that got me into thinking how the heck did they approve our mortgage in the first place? In 2003 I filed for BK7 (The house was sold few months before BK with not me getting a penny from the sale) I'm considering buying condo or town home... but I understand that banks want 2 years post-BK7 I'm now 1 1/2 years post BK. my lease ends June 2005 and my discharge date was July 2003. I don't even know what is my credit score but last May 2004 via PG it was low 600's. Do I have any chance of 100% mortgage with no down? since I practically carry no debt (just 1 car loan balance 5,800, 1 American pacific visa with no balance as of now out of $300 credit limit, and nothing else no other credit cards...I've been using Debit card 99% of the time!) TIA Thomas
I think the first thing you need to do is find out what your scores are now, and then talk to mortgage lenders in your area to see if you qualify
