How long after you have filed bankrupt can you purchase a home?

Question

i was told that after a yr or two you can purchase a new home even after foreclosure and bankruptcy.

Answer 1

If thats what someone told you it must be true.

I dont happen to know but I think you have to go through alot of forms before you can purchase one.

Answer 2

If it's FHA you must wait 2-years and have re-established your credit.

Other then that it just depends on how much cash you have for a down payment.

Answer 3

2 years is a good number.  FICO bases the bulk of your score on the last 24 months of your credit history.

So, get busy and rebuild that credit asap, so when the two years is up, you will already have a good credit history established.

Also, FHA loans do not look at scoring per se, but, they look at how you handle your bills.

Answer 4

could try right now, but rates will be VERY high. easier after three years, but rates will still be high.

they will all ask about bankrupcy and you'll find it hard to get credit at a decent rate - even on loans and credit cards.