My parents and my husband and myself have decided to buy a house together for various reasons. My parents, who are both retired, have decent credit and most likely would be able to get a loan. My husband and I on the other hand, have just finalized filing bankruptcy (not discharged for another 3 months). We had a job loss 5 years ago that affected things majorly and we are finally getting back on our feet. My husband has been at his current job almost 4 years now and I just got hired on at a company after being a stay at home mom. We had decided to wait to buy just ourselves until 2-3 years from now but we need to suddenly move from our rental in a month and a half due to owners selling and are in a bind. Would all of us with our incomes combined and down payment (about $10,000) be able to qualify for a home loan even though my husband and I have a new bankruptcy? (My parents do not own a home at this time, they are renting, but not first time home buyers.)
Read more: Can a bankruptcy affect multiple people buying a house together?
