How can I start the process for buying a home for the first time after bankruptcy

It depends on what type of BK it was, chapter 13 or 7. If a 7 then you are 2-3 years away from getting a mortgage from the date of discharge. If it was a 13 then you might be able to get one within a few months depending on the terms of it. Also, are you saying that you will be buying a home for the first time ever or just for the first time since the BK?

2 years must have passed since the discharge date, and if there was a home foreclosure involved, then you will have to wait till 3 years have passed since the home was taken out of your name.. This date might not have been the BK discharge date or the date you moved out of the home.. the clock starts when the deed is no longer in your name... if you have met the required waiting period, then the best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

If your bankruptcy (BK) was a chapter 7, you cannot close escrow until two years have passed from the date the BK was discharged by the courts. You should begin earlier than that though, because it is likely there is much incorrect information on your credit report that needs to be corrected. Connect with a local Mortgage Banker/Broker, rather than one of the big banks or big national mortgage factories. Unlike a bank employee, who is most likely just an order taker, and probably won't want to help you clean your credit report, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. We have access to loan products of MANY lenders, not just those of ONE bank, and can properly guide you. But more importantly, we are trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Plus, we are willing to help yo get your credit report corrected. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

first, when was your bk discharged? 7 or 13? what type of loan did you have before if you had one before the bk? fha/ va?? linda

It depends on the type of bankruptcy, the type of loan you are looking for and when the bankruptcy was discharged. Please call me at 561-339-9446 if you woul like to discuss. Ken

Depends on what type of BK and what type of loan program. A minimum of 24 months.

The first thing would be to start to reestablish good credit history. Depending on the type of you will have to be either a year or 2 years clear of the BK

Travis is correct, it really depends on the type of bankruptcy you had, and whether you have re-established credit. Technically it is possible to obtain a FHA mortgage while you are still in a Chapter 13 BK - depending on the details.