We have a bankruptcy. February 2014 will be a year it was discharge.

Hi Jim,simply put, yes. *Minimum credit score must be a 620 or higher to qualify.*Minimum loan amount of $80,000*3.5% down payment on the property.Have you had any of the following in the past 3 years?1) foreclosure2) bankruptcy3) repossessionReference requirements, guidelines, and easily apply online here:http://www.imortgagelending.com/GuidelinesThank you,,Colby Nealcolby@imortgagelending.com

It's possible.. but you didn't provide enough info to properly advise you.. BK 13 or 7, Foreclosure?, Short sale? etc.. There are lending products out there that will allow you to purchase a home so long as you can document you've had a 20% reduction, and that it was the cause of your financial hardship.. you have to have no late payments in the last 12 months on ANY obligation and you have to have sufficient credit scores and income, but there is a loan product available.. If you cannot document your reduction to income, then you would have to wait 2 years if there was no home involved in the BK.. if there was a home involved in the BK, then you would need to wait 3 years.. and If the BK was a CH13 without a home involved, then its also possible you can purchase even if you didn't have a reduction in income.. .. 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

As you see from the other comments, details make a big difference. Provide a little more info and we'll be able to better advise you

See detailed answers, based on your situation.

With it being a chapter 7 you'll have to wait at least the full 2 years after the bankruptcy was discharged. And, you'll need to have re-established a good to very good credit history since the time of the bankruptcy at the time you apply.

Was the bankruptcy a Chapter 7 or Chapter 13? This would be the 1st of many questions I would have in determining whether or not you would be eligible for mortgage financing. Please feel free to contact me directly if you would like to discuss your scenario in detail and determine what options exist currently or what steps you need to take in order to qualify for a mortgage if you do not currently qualify.

Jim,I just say the title of your question. What type of bankruptcy did you have?Chapter 7: Two years since discharge dateChapter 13: One year since discharge date

It is possible with a few lenders via a new relaxing of the strict 2 yearrequirement per a chapter 7 bankruptcy, do to the rough recession we went through. We have been doing these loans with that exception for just a couple of months now. Email me your contact info (just go to my profile and website shown) and I can provide you an associate's contact in Louisiana or perhaps a mortgage consultant from Louisiana who has begun doing loans withonly 1 year out of a chapter will spot your question!