looking for home loan after a bankrupcty. discharged in may of 2012

Not likely...Seriously, how many lenders out there do you think are ready to provide a home loan to someone who is 3 months out of BR? You are probably at least 2 years away.

Lenders are looking at risk. In the lending world, someone that files Bankruptcy (BK), is deemed a risk. Why? Because the creditors you had when you filed lost money on you. Before a Mortgage lender is willing to stick its neck out on you, you are going to have to prove you are credit worthy again. This is why you need at least 2 full years of history since the BK, and have re-established your credit. The other option is to put down so much cash into the transaction that an investor knows you are going to perform because you have too much to lose. 40% down and a 12% rate and the investor will actually hop you miss a payment so he can take the property back. Your best option is to start working on repairing your credit so that in two years you are credit eligible. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

FHA waiting period after a BK is 2 years.. If there was a home involved in the BK, and it was foreclosed or turned back to the lender, then the waiting period is 3 years from the DATE THE PROPERTY WAS TRANSFERED OUT OF YOUR NAME.. People get confused about this all the time, but the clock doesn't start until the properly is no longer in your name regardless of when you gave it back or moved out.. You still need to have sufficient credit scores.. 640 or above for most lenders.. and you also have to have 3 to 4 minimum satisfactory credit accounts open and active... 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

You can wait to do a loan in 2014 or you can do one now but you need to put 45% down if you have the down payment money give me a call thanks.Mike 310 770-7969

You can do it but on poor terms. high rate large down payment. Otherwise 2 years from the date of discharge. Best Of Luck!

The shortest wait period is for an FHA loan - you'll need to wait 2 years from the date of discharge if it was a Chapter 7

Buy it on a RENT to OWN or land contract until you can get financing on your own.

..If your looking to Purchase the comments above better much paint the picture. If your trying to Refinance, the changes are slim (HML) to very unlikely. On a existing loan that you are experiencing a hardship, your best option is to apply for a loan modification to reduce the payment to 31% of your income. We can help home owners in bankruptcy or out. ..

You'll have to wait at least 2 years

After bankruptcy your credit score is likely to suffer as well and now is your chance to rebuild as lenders will not borrow money on a home until at least 2 year after bankruptcy. Work on your credit now and you will be in a good position when it is time to buy a home.