How long after a bankruptcy can I get a home loan?

For an FHA loan, two years from the date the Chapter 7 Bankruptcy was discharged would be the first day you would be eligible to close escrow. This assumes of course that you have taken the steps to re-establish your credit and credit score. You may want to start the process now so that you know exactly what you need to do to be "Loan Ready" on that date. Contact a local Mortgage Banker/Broker, rather than one of the big banks. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have access to loan products of many lenders, not just those of one bank, and can properly guide you. But more importantly, He/She is trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

It really depends on the loan product you're looking for and which type of BK you filed...Chapter 7, conventional, 4 years from discharge date, FHA, 2 years, VA, 2 years, USDA, 3 yearsChapter 13, Conventional, 2 years, FHA 1 year, VA, 1 year, USDA, 1 year... WilliamAcres.com

Two years must have elapsed since the discharge date of the borrower and / or spouse's Chapter 7 Bankruptcy, according to FHA guidelines. This is not to be confused with the bankruptcy filing date. A full explanation will be required with the loan application. In order to qualify for an FHA loan, the borrower must qualify financially, have re-established good credit, and have a stable job. Steve Gulino, American Capital / Crossroads Funding. www.crossroadsfunding.com

For FHA and VA programs, 2 years from the date of discharge for Chapter 7, and 1 year from the date of filing for Chapter 13.