Chapter 7 and buying a house
I filed chapter 7 in May of 05 and was discharged in July of 05. I have been pre approved for a 171,000.00 house. I am trying to get a FHA loan with no money down and 100% financing. I haven't met with the mortgage folks yet but my question is will my chapter 7 prohibit me from getting this house. My credit score average is 652, which is good considering my recent filing. But I have read you need to wait at least 1 or 2 years after filing a chapter 7 before purchasing a house, but since my credit score is good am I an exception to the rule. Any insight would be greatly appreciated.