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Applying for a Home Loan

Buy a Home After Bankruptcy

Great news, and contrary to what you may have heard, you can purchase a home after filing bankruptcy!  How soon after bankruptcy?  That depends greatly on the type of bankruptcy you filed and what type of loan you are considering.  Some home loans, such as those that are backed by the government, can be granted in the first year after bankruptcy.  If you’re hesitant to file bankruptcy because you fear there may be a problem buying a home in the future, talk with an experienced bankruptcy lawyer at Debt Advisors. 

What You Need to Know to Buy a House after Bankruptcy

Most people who filed for bankruptcy don’t have the twenty percent down payment needed to get a home loan at a competitive interest rate.

While a bankruptcy stays on your credit report for ten years, there are mortgage lenders willing to work with buyers seeking home loans after bankruptcy. Important points to remember include:

  • A stable employment history
  • A sufficient income to pay the mortgage

 
If you want to buy a home after bankruptcy, be wary of subprime lenders. Avoid their excessive processing fees and prepayment penalties. Financial discipline and a good down payment will open you up to a range of affordable options.

Discuss Your Options Today with Our Wisconsin Bankruptcy Lawyers

Our job is not merely to assist people through bankruptcy.  It is  important that clients have a clear vision on how to rebuild their lives after filing bankruptcy; this includes a home purchase.  We have answered many legal questions and provided guidance to people just like you.   The  home loan application process will go more smoothly if you can get a little legal advice in advance.  Reach out to us.  We’ll walk you through step by step.  We offer sound advice and simple instruction.  Your inquiry could be the first step towards your happy new home!

When you need assistance to buy a home after bankruptcy, contact a home loan attorney at Debt Advisors Law Offices.   We are a Debt Relief Agency. We help people file for relief under the Bankruptcy Code.   We serve work within communities across Wisconsin.

 

Reviews by Google Users

  • review rating 5  As a customer I was very glad with the level of service I received. I was both nervous and ashamed that I was going through the process of filing. My attorney was nonjudgmental, professional, and very knowledgeable. I had lots of questions and he patiently answered each of them helping me feel more confident in my decision making. I was unable to pay all fees up front and was happy to learn that there was a payment option where payments were deducted from my account until paid in full. Upon my final payment the process ran quickly and smoothly. I always felt like my best interest was at the forefront front the filing process, followup phone calls, reminder phones calls, the court date and discharge. I called the offices 3 years after filing and still, they were welcoming, supportive and informative even though I am not a current customer. This was the first step to me reestablishing myself as a conscious borrower and consumer.

    thumb Ashley Vtine
  • review rating 5  Both Cad and Michael were fantastic!!! They were dedicated and very helpful during my entire bankruptcy. Every step was explained as well as any question that I had (even if I asked three or four times) got answered. I would recommend this team to anyone that needs to swallow their pride and file bankruptcy.

    thumb Andrew Ossowski
  • review rating 5  My husband and I hired Debt Advisors to help with our bankruptcy back in 2010. They made it simple and easy then. Now 10 years later we needed information regarding our bankruptcy and they still make things simple and easy. I have and will recommend Debt Advisors to anyone that needs help. Thank you to Debt Advisors for helping my family plan for the future.

    thumb Carrie Kilbey
  • review rating 5  Even one year later Debt Advisors continue to help by making it easy to access archived information. This experience with this service and it's staff has been stress free from day one. I recommend this team if you want thorough and excellent service like old times.

    thumb Reynell Jones
  • review rating 5  My experience with debt advisors law office was an excellent experience. Chad and his partner we're very knowledgeable and their staff was very helpful through my whole process. As We Know this type of experience bankruptcy can be very trying and stressful however Chad and his staff made it a lot easier on me and I felt they did a wonderful job. I would recommend to anyone.

    thumb Sandy Herfel
  • review rating 5  A few years ago I found myself drowning in debt, after doing some research I decided I would get some help in dealing with that debt, so I reached out to Debt Advisors Law Offices. I was scared, nervous, and embarrassed that I had gotten to this point but after my first meeting with Debt Advisors I knew I was making the right decision. They made me feel comfortable and confident in my decision to move forward. The best part was it was all on my time, I felt no pressure from them which was amazing. They were always available to answer my questions and help me through the process. A couple years after my case closed, I reached out to get some information and within that same day they responded to me and remembered me! Truly a wonderful firm to work with!

    thumb Weston Jones
  • review rating 5  Best place to relieve your debt. Debt Advisors offers a seamless process which is both worry and stress free. Flexible payment options and quick turn-around. The staff is very knowledgeable and goes above and beyond to deliver satisfaction!....Hands down Debt Advisors is the BEST!

    thumb Nina Ross
  • review rating 5  Greg and his staff are great! They made the whole process easy and made everything clear to understand. You don’t second guess nothing. They are with you every step of the way and if you have any questions they definitely have the answer for you.

    thumb Ethan Wemmer
  • review rating 5  Greg and Jeremy strategized the best timing for filing based on the variables changing throughout my divorce process. The team counciled me several times on the various benefits and potential risks while we navigated the best solution specific to my particular situation. I would fully recommend their expertise and their customized approach of how they manage their clients financial recovery.

    thumb Pringle Productions
  • review rating 5  These people are great! They have been so helpful and polite, even during my most stressful moments. I’m sure I got on their last nerve! But they remained courteous and helpful to the end!

    thumb Latasha Messer

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