Buying A Home After Bankruptcy Discharge -

Contact specialized lenders early to understand exactly when you will be eligible for a mortgage pre-approval .

While some government loans allow low or no down payment, a larger deposit can offset the "risk" of your past bankruptcy in the lender's eyes. buying a home after bankruptcy discharge

Most lenders look for at least two years of consistent employment history. Contact specialized lenders early to understand exactly when

Periods for Conventional and FHA loans may be shortened to 12–24 months if you can prove "extenuating circumstances," such as a job loss or serious illness. Key Requirements for Approval Periods for Conventional and FHA loans may be

The "seasoning" period begins on your (when the court legally releases you from debt). Chapter 7 Waiting Period Chapter 13 Waiting Period Conventional 2 years after discharge FHA 1 year of on-time payments VA 1 year of on-time payments USDA 1 year of on-time payments

Beyond the down payment, prepare for higher interest rates that often apply to post-bankruptcy borrowers.