If you have a recent bankruptcy on your credit and are looking to get financing for a home, there is hope. Buying a home with bad credit will just put more emphasis on other two factors needed to get a mortgage loan, which are; income verification and a down payment.
After bankruptcy most lenders want you to wait at least 2 years from time of bankruptcy discharge before they will consider you for a mortgage loan. After two year waiting period is over, you should be able to get financing easily. You should also be able to get 100% financing as well. You can usually achieve this as long as at least most of your payments have been reported to credit bureau as having been paid on time since discharge of your bankruptcy.
If you are looking to get a mortgage loan after bankruptcy sooner than 2 years from time of discharge, you will need to have almost flawless payment history since your bankruptcy discharge. Also, you may need to have a down payment. If you have even 3-5% to use as a down payment, that may be enough to help you get approved.
There are ways to get a down payment for your mortgage besides having money saved in bank. Here are some ideas of ways to do that: