First Home Buyer After Bankruptcy

Hi everyone,

I am not sure if anyone here could give us an insight as to when if ever it will be possible for us to become first home buyers but I'd love to hear other people's experiences.

My husband was forced into bankruptcy when we lost his mother to cancer some years ago, he quit his job to care for her, and my salary wasn't enough to support both our debts. So bankruptcy was the only option we thought we had at the time.

He has been discharged for 2 years now, and in his current employment for almost 6 years. I have a clean finance record other than a decline from a telco when we applied for a joint mobile phone account 6 months ago, obviously we were declined because of his bankruptcy :(

So, our current status is, that I am a stay at home mum although will return to the workforce next year part time when our youngest starts childcare a couple of days a week.

This year we have been saving $250 a week and currently have $7000 in the bank, we currently also pay $260 a week rent. We would like to continue doing this until at least the end of the year to prove to ourselves and the banks of course that we are capable of allocating that $510 a week (rent and savings) without failure.

So by the end of this year we will have around $12 - $15,00 of our own money saved plus first home buyer, but we feel really depressed that nobody will ever give us a home loan because of my husbands ex bankruptcy.

The saddest part is that we didn't ask for his mum to get sick and pass away but who wouldn't stand by their mother in her time of need.

Has anyone experienced getting a home loan after bankruptcy? We will continue saving regardless, surely someone will give us a break eventually?