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How do I find a bad credit broker? Bkrtcy discharged 2 yrs. Fico 634 w/ Experian. Currently employed 8 yrs same job, income $61k

by msthurman33589 from , California. Jan 20th 2015 Reply


Derick Condron (rightstartoregon)
#32 ranked lender in Oregon - 598 contributions

Do not think you will need a bad credit broker with that information. As long as you are 2 years from the discharge date of your BK you will be able to get financing most lenders will go down to 620. Let me know if you need a referral to a local Loan officer of our company.Thanks,Derick

Jan 20th 2015
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Alex Caragiannides (alexc@benchmark.us)
#1090 ranked lender in California - 1 contribution

I agree with Derick as well, your situation isn't that bad and as long as you have 2yrs. from your discharge date you will have options. Check out my website to get a better feel for me and my team www.MyLenderAlex.com. Thanks and All the Best, Alex Caragiannides

Jan 20th 2015
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,960 contributions

While your file is a bit on the weak side, you should be able to get a loan from just about anyone. I suggest contacting a local mortgage broker in your own area.

Jan 20th 2015
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,240 contributions

You qualify for an FHA loan as long as you have rebuilt your credit and have no lates on your credit since the discharge and meet dti requirements as well. Most any broker can help you.

Jan 20th 2015
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

FHA allows you to purchase 2 years after a discharged BK, so it's possible you can qualify now without using a hard money.. If you have had a foreclosure, then you will need to wait another year or more.. to know for sure, try reaching out to a local mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jan 20th 2015
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