A Recent bankruptcy? Yes you can get approved for a mortgage after bankruptcy.
Also, make sure to include all the income you have. If you have any equity in any stocks or other financial accounts, make sure to mention that to the broker as well.
The more money you can put down on the loan, the more likely it is that you can get approved. FHA loans usually only require 3-5% down. They are also usually open to working with people with credit problems.
Are you looking to get approved for a home loan? Usually there is a 2-3 year waiting period before sub-prime lenders will consider you for a mortgage loan. However, more and more lenders everyday are developing loan programs for people with bankruptcies on their credit. It has never been easier to get approved for a mortgage loan with a bankruptcy on your credit report.
After a wait period of about maybe not even two years of good payment history on your credit since the bankruptcy was filed and a decent income, you may be able to qualify for a mortgage loan much sooner than typical.
Pull a recent copy of your credit report in order to make sure there are no inaccuracies. You don't want the application process to be more difficult than it needs to be.
