Buying a Home -How does my credit report history affect my ability to qualify for a mortgage loan?

A FHA loan is generally more flexible than a conventional mortgage loan in its qualifying guidelines. In fact, FHA home loans allow you to re-establish credit if: 

• Two years have passed since a bankruptcy  has been discharged
     
  

•  All judgments have been paid
  
  

• Any outstanding tax liens have been satisfied or appropriate arrangements have been made  
   
  
• To establish a repayment plan with the IRS or state Department of Revenue  
  
  
• Three years have passed since a foreclosure or a deed-in-lieu has been resolved

>> What if there is a mistake on my credit report, will I still be able to buy a home?

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