Today some lenders are able to take a look at person's overall credit and financial picture to seek out borrowers who may have had a single issue leading to the filing of a bankruptcy.  It is possible to obtain a 100% purchase loan with a recent bankruptcy discharge (in as little time as 1 week discharge).  These particular programs are credit score driven so if a person had good to excellent credit just prior to the bankruptcy, he/she may be able to qualify for 100% financing.  Alternatively, there are additional programs where if a borrower has a down payment (the percentage will vary based upon the credit score), financing is still possible with only an average rating.

FHA loans usually require 2 years seasoning from discharge on a Chapter 7 bankruptcy, and 1 year with a prompt payment history on a Chapter 13.

Apply today without obligation and a licensed loan officer will review your information and discuss your options with you!