Qualifying for a low interest mortgage after bankruptcy and/or foreclosure.

[Ineedhelp2]

How long does it take to be able to buy a house again, at the best interest rate, assuming income can be demonstrated, and that a down payment can be made?

[nerves]

Usually two years, but most likely you will need a nice sized down payment (10-20%).

[HHM]

Concur, 2 years. Actually, very few, if any mortgage lenders will even touch you (even with high interest rate mortgages) before that 2 years.

[awayalways]

OP I bought a house this year just 10 months out of my BK7 including my pre-foreclosed home IIB on my credit report. This was a USDA zero down mortgage at 5.5%. But every other lender I talked to required 2-4 years including FHA financing. So unless you're going VA or USDA, you'll probably need 2-4 years and minimum 10% down.