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

  • 5 star review  Positive: Professionalism ,  Quality ,  Responsiveness Quickly took all the pressures of collections and calls off mine and my wife's life. Fast to respond to questions and handle any concerns. Easy to work with and month out of my discharge my credit score in mid 600s . Can't thank our team enough.

    thumb James Blue
  • 5 star review  Positive: Professionalism ,  Quality ,  Responsiveness ,  Value Michael and his staff were beyond professional, I didn’t hesitate asking them any questions, I wasn’t concerned about anything, I would highly recommend them. Their communication is on point, friendly, kind, honest, patient, fast responses I’m completely satisfied with their service.

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    thumb Heather Helgestad
  • 5 star review  Awesome no worries no stress just done period

    thumb Yolanda Curtis
  • 5 star review  Positive: Professionalism ,  Quality ,  Responsiveness ,  Value Was awesome to work with them! They helped me through a difficult time and really helped me move forward in life. Back over 700 credit score after 2 years from discharge and buying a new house.

    thumb Anthony Padovano (AJ)
  • 5 star review  Positive: Quality They helped me with the bankruptcy case and they were very helpful in the information and they were friendly

    thumb desilu mclaurin
  • 5 star review  Positive: Professionalism ,  Quality ,  Responsiveness ,  Value Great company and so easy to work with! Would definitely recommend as they mad a difficult time in my life a little easier.

    thumb Nicole Werther
  • 5 star review  Positive: Professionalism ,  Quality

    thumb Shakima Kimbrough
  • 5 star review  Positive: Professionalism I have used Michael George at Debt Advisors a few times in the past, and enjoy the professional, knowledgeable service that he provides. His good sense of humor and easy going disposition make getting through your debt relief program a breeze! I highly recommend his services and helpful staff.

    thumb Ed Rose
  • 5 star review  Positive: Professionalism ,  Quality ,  Responsiveness Excellent communication and explanation of process. My questions were always answered in a timely manner.

    thumb Victor Perez

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