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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  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
  • review rating 5  Great firm to work with. Very helpful and considerate for the many questions I am sure they hear many times over.

    thumb Anonymous
  • review rating 5  Attorney Schomburg went above and beyond to help me through my bankruptcy. It is amazing to have worked with a man of such incredible integrity. Thank you!

    thumb Maggie Robertson
  • review rating 5  It was a positive and life changing experience working with Attorney Schomburg of Debt Advisors. He was professional, competent and non-judgmental.I commend Attorney Schomburg and Debt Advisors for providing Money Sharp's Credit Counseling Services.I walk away feeling confident, being educated and optimistic about my financial future.I

    thumb Donna King King
  • review rating 5  Attorney Georg has been a life saver for me. he has been the best lawyer, counselor, and friend he treats you like your apart of his family. I was going thru a divorce at the same time of the bankruptcy. He really cared about my mental health I really appreciate that. He was so loyal and committed to me and my case . I give him 100% he gave me 100%

    thumb Teresa Touchstone
  • review rating 5  I have worked with several people in the office and I have never felt looked down on or made to feel embarrassed about my situation. They really go above and beyond in truly caring about their clients. Not just as clients, but as people too. I've recommended several people here and will continue to do so. Professional, affordable and kind. What a great combination!

    thumb Catie Y

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