Past bankruptcy

A past bankruptcy or credit problems may prevent the consumer from obtaining a home loan. However, there are high risk home loan programs that will relax the requirements under special circumstances. There are also steps an individual can take in procuring high risk home loans. Checking with personal banks or credit unions can be a good first step. Asking realtors for advice may also be profitable, as they may know of lenders who may be a bit more lenient in their requirements. Researching lenders can take some time, thought and effort, but will usually pay off in the end.