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FHA loan application with previous bankruptcy

I went through a terrible divorce which led me to file a chapter 7 bankruptcy and surrender my home. The bankruptcy was discharged in 2018 and I plan to apply for a loan for a new apartment unit. Would I be eligible for an FHA loan? Is this the right time for a loan or do I have to wait so that my credit scores will be a little higher? by jbuchana1 from Dayton, Indiana. Nov 5th 2021 Reply


Barb Lanis (BarbLanis)
#69 ranked lender in Illinois - 679 contributions

For FHA, the waiting period after a Chapter 7 Bankruptcy that included your mortgage is 3 years after title was transferred out of your name.

Nov 8th 2021
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