Buying a Home After Bankruptcy

Interest rates are low and are likely to stay low in light of Brexit’s continuing fallout.

As  a result, mortgagereports.com article on buying a home after bankruptcy is timely.

The good news which probably affect most people who have have filed bankruptcy would be the fact that in as little as 12 months after filing you may qualify for a FHA loan.

FHA does need you prove that you handle your finances responsibly before and after the bankruptcy by demonstrating that you did not run up the tab before filing among other things.

Nonetheless, this is welcome news and it cuts the traditional waiting time for FHA loans which was 2 years before the recession.