This is a one-dimensional way of looking at things. I have a high credit score, never had a late payment in my life, but couldn't get a mortgage for any amount because I'm working for a temp agency.
Do you not have 2 years of W2 or 1099 income? With either, an FHA loan should be no problem, or even a Fannie or Freddie backed loan with mortgage insurance baked into the interest rate.
Income and assets are king when underwriting a mortgage, credit less so (depending on investor desires of the mortgage backed securities).
Well, let's put it this way - I have less than 2 years of lack of W-2 income. But yeah, you are reiterating my point, that credit score isn't necessarily what everything is based on. And what I was also thinking, is that I would not charge into bankruptcy assuming I knew what the consequences are. Everybody says you can get credit right afterwards, but I think "yeah, and that means they think you're a good risk for some reason other than your personal habits of paying debts, which sounds ominous".
