Personal cash flow issues may necessitate no option available other than waiting. Be careful when examining cash flow not to leave yourself without some cushion, especially if the cash management issues caused your earlier credit problems. Taking on mortgage payments beyond your means may lead to yet another down-fall and in the credit industry a second collapse will be looked upon much more harshly. Many creditors are forgiving if a basically creditworthy person had an isolated problem. Those with more than one bout of bad credit may be looked at as a habitual problem borrower or even someone who fraudulently seeks credit without intent to repay the debt.
All items represent rough estimates.
Only a lender can quote or offer you a specific mortgage. FICO is a trademark of Experian 3. A, B or C borrowers needing higher DTI can opt for a lower credit score product. The LTV column shows the standard LTV for a regular purchase or refiance. Electing a lower LTV can sometimes mean a lower interest rate.