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.