Don’t despair - credit is king, but there is still a way to get that dream of home ownership! Banks offer a variety of bankruptcy mortgage loans. Once you have been approved of your bankruptcy within a year you can start qualifying for a home loan. Bankruptcy is a very bad thing to have on your credit report - but a home is a very good piece of collateral. Banks know they can take the home back at any time. OF course, you aren’t going to let that happen. Get that dream home of yours and let those mortgage payments increase your credit score!