Can I get a home loan if I have had a previous bankruptcy or foreclosure?

Yes! Typically you need at least 2 years from the date of bankruptcy discharge and/or 3 years for the foreclosure.

If you have bad credit, you may not qualify for a conventional loan. You are what they consider a subprime borrower. In this case, you could consider a subprime loan. Like other loans, subprime loans come in many forms based on the terms, loan amount and loan to value ratio you are looking for. In addition companies will look at your credit and give you a credit grade, which will help them determine the best loan for your situation. With less than perfect credit, you can expect to pay higher interest rates because of the higher risk associated with making a loan to someone with a poor credit history.