Thursday, July 14, 2011

Home Loan Possibilities after Bankruptcy?

Unfortunately, in order to qualify for a low-down payment loan, you would have to go FHA loan which requires that you have no bad credit for at least two years. Alternatively, you can try to find a bank to work with you on a conventional mortgage, but you will probably need at least 20 to 25% down, since the bankruptcy is so recent.

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