We filed a chapter 13 bankruptcy which we completed. Discharge date was 5/9/12. When can we start applying for a mortgage.

You are eligible now.

As long as you have re-established your credit and made all your payments on time you could apply for an FHA mortgage now. If you'd like to know exactly what you'd qualify for feel free to call us at 201-962-3555 or email us at Team@BestMortgageOption.com if you call just ask for Michelle or Benny

You are "Potentially Eligible", which will be based on your payment plan being confirmed to show no late payments for any accounts in the repayment plan. I'd be happy to review your situation directly with you. I work for a Federally Chartered Bank offering In House Lending and Underwriting and access to other Lending Partners as well to expand our product offerings.

I am based in Pennsylvania with an A+ rated lender and will be glad to help you move forward now. Mark 302-449-7373. Call me today for detailed answers

According to our lending guidelines which are based solely on Fannie mae guidelines you would need to wait 2 years from the successful discharge date of a chapter 13 bankruptcy. IF you had any late payments on your pay plan or were dissmissed instead of discharged you would have to wait 4 years.

The shortest wait period available is with an FHA loan at 1 year after payout begins. You are already there now because it is discharged already. Your credit must be re-established and scores must meet minimum standards, but it seems like you could dip your toes in the water right now. Be careful not to let every person you speak with run your credit report because your scores could be fragile. Interview several local non-bank loan officers before allowing them to run your credit. Good luck!