Can i get another loan, if I was just approved for a mortgage?

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I currently rent a home which the lease will be up in 5 months. I just came out of bankruptcy 2 years this month. I was approved through bank of america for a mortgage amount of 350k and backed by FHA. My credit has been established since my filing and have 2 major credit cards with decent limits. I currently make about 78k a year at my job (restaurant manager)

My question is..Im looking to purchase a business with my son (a bakery in my area) he has many years in the field. Im looking to buy a home with the fha mortgage i recieved but would possibly like to buy this business as well. Any chance i could have bank of america lend me more money or a second loan to buy this business? Could they use the store and its contents as collateral? The business is selling for 100k.

5 Comments
  1. Reply
    David M
    May 17, 2011 at 3:06 am

    So you just got out of bankruptcy and you want to load yourself up with debt all over again? Did you not learn anything from your previous experience? Luckily, you probably wont qualify.

  2. Reply
    Lisa
    May 17, 2011 at 4:00 am

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    May 17, 2011 at 4:02 am

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    May 17, 2011 at 4:28 am

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