If you''ve declared bankruptcy, it''s still possible for you to obtain a mortgage to purchase a home. However, understand that with a bankruptcy on your credit report, you''ll most likely need to obtain what''s called a sub-prime loan in order to obtain a mortgage.

A bond for title or a contract for deed is a method of financing a home whereby you pay for a piece of property in installments and the title is transferred to you only after the payments are made in full.

Generally, if you combine the purchase of land and a mobile home into one mortgage, you can increase your chances of qualifying for a home loan as well as reduce the interest rates applied to your loan.

When conventional mortgage lenders reject borrowers, it''s often because of income requirements, blemished credit, unstable employment history, bankruptcy, or any combination of these factors.

In order to assess your financial stability and capability to repay a loan, mortgage lenders often require that you provide some type of financial information to document the source of your income, such as pay stubs and information about past and present employers.