Can You Buy A House After Bankruptcy?

Yes, it is possible to buy a house after bankruptcy, but it may be more difficult and take longer to get approved for a mortgage. The length of time it takes to qualify for a mortgage after a bankruptcy depends on the type of bankruptcy and the type of mortgage you are applying for. Generally, it takes longer to qualify for a conventional mortgage after a bankruptcy than it does to qualify for a government-backed mortgage, such as an FHA loan. Additionally, lenders may require a higher down payment and charge a higher interest rate for a mortgage after a bankruptcy.

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