Check out this guy w/Southwest Funding.

Thanks,
Nina

Plenty of ways.

The answers below are fine if you limit yourself to conventional financing. But there are lots of other ways: Lease-purchase, lease-option, contract for deed, Subject To, land contract, use of a land trust (with you as the resident beneficiary), and seller financing.

Most of those get you into a property, and give you time to improve your credit (and build up that time from date of bankruptcy) before you go out and get traditional financing. With "Subject To," you actually acquire ownership immediately.

Hope that helps.

If it was a chapter 7 you won't be able to do anything now. If it was a 13 you will need to have filed it two years ago and discharged a year ago. Even so, you're going to have a very difficult time getting an approval. Your best bet is to rent for a year, keep a clean pay history and above all make sure you do not have any late payments on your credit report after the discharge. Even one late credit card payment after a BK discharge is a disaster. Good luck to you.

Kind regards,

Jason Diperstein
E Mortgage Management
800.793.9633 ext. 156
jdiperstein@emmloans.com

I would suggest that you get with a mortgage lender or bank, and begin the process of repairing your credit. A good mortgage company or bank will be able to tell you the steps you're going to need to take in order to qualify for a mortgage, but I'll be honest, it's not going to happen overnight. If you'd like some names of local people you might want to work with, let me know.

Good luck,
Laura

Like Dana said, you need to be out of BK two years, and you score should be a little higher. I am working with lenders that will go down to 560 for a purchase. FHA has always been a common sense loan and if it make sense it can be done.

Dave

In addition,you must wait for 2 years after discharge of bankruptcy before you can purchase. Buying a home is not in the cards for you right now.

The lowest credit score you can have right now is about 620. Some banks may go lower but the rate is going to be much higher.

Mark Jacobs http://www.MarkJacobsrealtor.com