Purchasing a home after bankruptcy or foreclosure is possible. Many people have been past bankruptcy or foreclosure for several years since the housing crisis. As time has passed, these same people may be interested in becoming homeowners once again. It is possible when using an FHA mortgage for financing. There is a certain amount of time that must have passed and guidelines to follow, all of which is the topic of this video. FreeRateUpdate.com is helping consumers find FHA Loan Lenders. Take advantage of the FHA Loan Program and get the lowest FHA Loan Rates through http://FreeRateUpdate.com.