How long do we have to wait after a BK is discharged to get a good rate on a home?

48 months from the discharge or dismissal date.

Bankruptcy (Chapter 7 or Chapter 11)A four-year waiting period is required, measured from the discharge or dismissal date of thebankruptcy action.Exceptions for Extenuating CircumstancesA two-year waiting period is permitted if extenuating circumstances can be documented, and ismeasured from the discharge or dismissal date of the bankruptcy action.

FHA loan offer the shortest waiting periods after a BK chapter 7. The lender will look at the current credit scores and any lates after the BK. Conventional loans have a longer waiting period.