Eric Karrfalt - realtor/broker

I think your best advice at this point is to talk with a mortgage broker. They will be able to advise you on the particulars of your situation. Have what you earn and spend hand, your ss numbers and your date of discharge on the bankruptcy. That is the critical date. A good loan officer will be able to run you through manual or desktop underwriting and give you a yes or no on your loan as well as how much you qualify for. I am guessing an FHA loan will be what they reccomend. Easier qualifying, more debt to income and lower downpayments than conventional. With $5,000 down you are looking at low $100's on a purchase price.
Shoot me an email and I can direct you to some loan officers that are wither mortgage banks or direct FHA underwriters. The difference is less layers of middlemen. This means quicker answers and less closing costs. You can reach me at eric@karrfalt.net . I might be looking in Hamilton county for housing. Noblesville, Carmel, Fishers and Westfield. There is a fair amount of inventory at the price point you will be checking out and a fairly decent possibility of a good rent to own. If a mortgage option does not pan out. I have other altrernatives with private lenders, although they are more costly. Let me know if I can help. -Eric - Earlier today