If I file for bankruptcy can I still buy a home?
Jan Meriss Alfonso Assistant at Ascent Law LLC Can I Still Buy a Home After Bankruptcy? Whether you can buy a home after bankruptcy depends on the specifics of your bankruptcy. For example, you need to pay a down payment. Your credit score might be affected. You may also need to apply for a mortgage after bankruptcy. You can read more about getting a mortgage after bankruptcy in this article. Extenuating circumstances There are certain criteria that must be met to qualify for a mortgage after bankruptcy. First, the buyer must show that he or she had extenuating circumstances that prevented them or from meeting their financial obligations. These situations include events that were beyond the borrower's control, such as job loss or a long-term illness. These circumstances must be documented in a formal letter and supported with documents. Second, the borrower or lender must provide documentation of the alleged extenuating circumstances. Depending on the type of circumstance, docume...