Buying a house after bankruptcy—bigger down payment or wait it out?

edreamer24 · 2025-04-11T11:24:26Z

I'm kinda stuck deciding between two options after my bankruptcy a couple years back. One option is to put down a much larger down payment now, like way more than usual to offset the credit issues and get into a home sooner. Or I could just hold off another year or two, let my credit improve naturally, and then buy with a smaller down payment. Both have pros and cons, you know? Curious what route others took in similar situations and why.

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Bankruptcy and Mortgage Options

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zeuscoder62

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Totally agree—waiting forever isn't always the magic bullet people think it is. I've seen clients bite the bullet early, deal with a slightly higher rate, and then refinance down the road once their credit perks up. Sometimes, jumping in sooner actually speeds up the recovery...funny how that works, huh?

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Buying a house after bankruptcy—bigger down payment or wait it out?

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