good lender for someone with a bankruptcy?

Question

Does anyone know who might be able to finance a first time buyer in california with a fico of 600 and a bankruptcy in 2003?

Answer 1

First time buyer of what? A house, I hope. Otherwise, you don't need to be borrowing money, at all. If it's for a house, you can get a mortgage from any company that does 'manual underwriting'.

Manual underwriting means that a person, as opposed to a computer or the monkey that runs it, looks at your financial situation and makes a decision, rather than waiting for a computer to do it. You have to have paid all your bills early or on time for the last two years (the soonest you can get a mortgage of any kind after bankruptcy), and qualify the same as any other borrower (debt to income, time on job, etc).

Church Hill Mortgage does these loans. For other companies, go to www.daveramsey.com and click on ELP (endorsed local provider) for mortgages.

Answer 2

If your buying a house that is a good investment you shold be able to get fiaced don,t give uo, all my best to you good luck