Typically after a bankruptcy, a borrower can apply for a new loan after 2 years, and 3 years following a foreclosure. There are some other criteria, such as a credit score of 640. Some lenders may even go as low as 600.
Read the original article here from Realtor.com.
When buying a home, be sure to do your research. Talk to your lender and Realtor. They can help point you in the right direction. In many places, it does not cost to use a Realtor as a buyer, since the commission on a sale is paid from the buyer. The buyer pays a percentage sale of the home at a rate predetermined before the home is ever listed.
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