There are mortgage loans available for buying an AZ Home 1 Day After Bankruptcy or Foreclosure. The problem with these loans is the interest rates, closing costs & down payments are much higher than conventional or government home loans.
But, some homebuyers have the cash and the income needed to procure loan approval for an alternative credit mortgage, and they choose to buy a home now versus waiting 2 to 4 years, post their bankruptcy discharge. This is more common when real estate values are increasing in AZ. Interestingly, the increased equity from appreciation, can often offsets the higher cost of subprime loans.
For additional mortgage or credit questions in az, contact Steve Bernstein at www.azcentralmortgage.com