I've read a lot of useful information on this site, but still have a few more questions.
My Ch 7 bk was discharged Jan. 3, 2010, so my two years waiting to qualify for an FHA loan are almost over.
I make decent income (30,000+), and have 3 credit cards (which will be paid off by the end of Jan. 2012) and one car loan and I pay all my accounts on time. I also have a good amount of student loan debt that I begin repaying in Jan. 2012. I don't have a large downpayment, which is why I am hoping to go with an FHA loan, and my credit is still not great. I've worked for the same company for almost two years (6 of those being as a temp) and often get monthly incentives. In addition, I collect child support.
So, now to my questions:
I know FHA loans will factor my monthly obligations, but how will they consider my student loans when I am only paying on two of them at this time, and the two I am paying on have the highest balances? (The other two I don't being paying on until Sept. 2012).
What credit score is used to determine if I qualify? I find that it varies greatly based upon the 3 credit bureaus, and where do I go to get it?
Who is a good lender to choose or consult with? I have talked to a few, and am always left feeling hopeless, or like I am stuck renting forever due to my bk.
I do have good rental history with my current landlord, who we have rented from for the last year and 3 months, do they consider rental history?
Can I include the child support I receive as income to aid in qualifying for a larger mortgage?
Thank you in advance, and I know this is quite lengthy, but I am anxious to find a home and stop paying rent! I've done some research, and chances are good that a mortgage payment would be quite a bit less than my rent.