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Bankruptcy Specialist

Home Loans After Bankruptcy — Specialist Lenders That Say Yes

Mortgagefy Broker Team · Published · Last reviewed

Once you've been discharged from bankruptcy, specialist lenders can fund a home loan from day one of discharge — sometimes even before. The rate is higher initially but most borrowers refinance to a standard lender within 2-3 years. We know the lenders that actively fund discharged bankrupts.

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Who this guide is for

The real challenge

Major banks treat bankruptcy as an automatic decline for 5-7 years post-discharge. That timeline is brutal — borrowers who've rebuilt their lives quickly are still locked out of the property market.

Many discharged bankrupts assume property ownership is impossible and don't realise specialist lenders fund tens of thousands of post-bankruptcy loans every year. The result is years of lost equity growth.

How Mortgagefy helps

Mortgagefy works with specialist lenders that fund borrowers from day 1 of discharge. The rate is typically 1.5-3% above prime, the deposit is 20-30%, and the goal is to refinance to a standard lender after 2-3 years of clean repayment history.

We map your full picture — discharge date, current income, savings, current credit file — and tell you exactly which lender will approve and what to expect. Most clients are surprised how achievable it is.

How it works — 4 simple steps

1

Status review

Discharge date, debt-agreement status, current credit file and income.

2

Lender match

From the active post-bankruptcy lenders we identify the 2-3 most likely to approve.

3

Application prep

We package your income, savings and explanation of the bankruptcy in the format specialists want.

4

Refinance plan

From day one we plan the 2-3 year refinance back to a major bank rate.

Frequently asked questions

Can I get a home loan immediately after bankruptcy discharge?

Yes — specialist lenders fund borrowers from day 1 of discharge with 20-30% deposit. Major banks typically wait 5-7 years post-discharge. The choice is yours.

How much deposit do I need post-bankruptcy?

Specialist lenders want 20-30% deposit. The longer since discharge and the cleaner your post-discharge credit file, the lower the deposit they'll accept.

What rate will I pay?

Typically 1.5-3% above prime variable rate. The premium reflects the additional risk. After 2-3 years of repayment history you can usually refinance back to a major bank rate.

Will my discharged bankruptcy show on my credit file forever?

No — bankruptcy listing is removed 7 years after discharge (or 2 years after discharge if discharged in less than 3 years). Specialist lenders don't care about the listing once they've assessed your current file.

Can I get a guarantor loan post-bankruptcy?

Sometimes — depends on the lender and your overall picture. A family guarantor can dramatically expand your options. We model both scenarios.

Get a free discharged bankruptcy home loan assessment

We tell you the truth about your situation — what's achievable, what rate to expect, and how to plan the refinance back to a major bank.

Start Your Free Assessment Call 0432 634 648

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