Like Brian said, you need 2 years after BK for FHA, so your only option is to look for a lease purchase, enter into a 2 year agreement, rebuild your credit, make all rent/lease pymts on time, and you will be an excellent candidate after 6/10. You normally need at least $2500 to put down on these types of transactions, but in today's market, anything is possible.
Posted: Tue Oct 21, 2008 5:43 am Post subject: mortgage after bankruptcy
Hi Riricosta,
Welcome to the forums.
I think it's too early for you to take out a mortgage as because you've received the discharge in June 2008. I think you should wait for at least 2 years in order to get favorable rates on your mortgage as because the market is in a bad shape and you will simply not be considered as a potential borrower. Please don't think I'm discouraging you. But it's a matter of fact that you won't be able to qualify for a mortgage right now. Please check out a similar discussion on mortgage after bankruptcy to know more on this issue.