I had a bankruptcy 2 years ago and want to buy a house now, will I be stuck with a high interest subprime loan?

Will you be using an FHA or VA Loan to Purchase your home?

You can do FHA. Rates are similar to conventional, but the downside is you have mortgage insurance to pay. On the other hand, if you had to wait another 2 years, property values may be higher and you may end up paying the same mortgage payment then on conventional as you could now on FHA.

FHA or VA will be your options.

You will need to get a referral to an experienced LOCAL LENDER to discuss your options. It is possible to finance two years out of Bankruptcy, but there are specific criteria you will have to meet. I would suggest getting a referral from an experienced REALTOR that you would likely be using to purchase a new home.

Hello, I can finance VA 2 years out of bankruptcy and FHA one year out of bankruptcy if the reason for the bankruptcy was income loss out of your control. Please make sure that you speak with an experienced lender who will lay out various options and intelligently discuss the pros and cons of each with you. Your pre-approval should reflect in writing that all financial documents have been reviewed. This will make for less stress and potential issues during the process as well as make it more likely for a seller to accept your offer on the home you want. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address for live chat or quote is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson