I had a bankruptcy in 2006 and my middle credit score is now 720.?

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Will I be able to get a conventional loan? I know I have a 720 but the bankruptcy is still on my credit report.

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    September 11, 2012 at 2:14 pm

    Stay away from a conventional loan because they really do not exist anymore. You would be better off with an FHA or VA loan (if you qualified). With the bankruptcy only 5 years old, you definitely would have to put a larger down payment (possibly 20%) and your rate will be slightly higher. It also depends on what type of bankruptcy was filed.

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