The bankruptcey is now 7 years old give or take some months and should be coming off your creidt report. You may need to check and make sure that it is. If you've maintained your credit during the past several years this won't present any challenges.
If you have access to a local credit union, this is where I would suggest starting first. If you'll meet with a good buyer broker in your area they can also suggest excellent lenders whom you might speak with.
To find a grea broker in your area, I've attached a link to ablog I've posted here on Turlia not long ago that you'll wnt to read.
Great question! The first thing I reccomend to anyone is to start dreaming. Dream as big as you want to, but realize that you may not get everyting in your first home.
The next step is to find a lender you trust. If you have been doing business with a local bank, talk to them. If you can't think of anyone, call your local chamber of commerce to see who they might be able to reccomend or ask friends and family.
Once you get in touch with a good lender, they will either tell you how much you qualify for or what you need to do be ready to make that purchase.
After that, grab a Realtor, fill up the car with gas and go look at houses!... more
To be sure, the first step in buying a home is to find a reputable lender and get pre-approved. Being a pre-approved buyer will help you in many ways. First, you will know how much you can afford to buy, and if you need to clean up your credit so that you can maximize your buying ability. When you do finally find the right home, the Seller will take you seriously and will be more likely to accept an offer from you.... more