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Buying A Home After Bankruptcy

The possibilities of buying a home after bankruptcy are wonderful, but you will have to wait a bit before making it happen. Most lenders will look favorably on your request for mortgage financing if -
  • Around two years have passed since your discharge.
  • You have reestablished credit and all payments have been made as agreed.
  • You have a proven source of regular income.
  • You have the ability to generate some funds for a down payment from savings, gift or another source that does not impede your debt to income ratio.
Once you can meet the above conditions, you should be able to purchase a home.

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