Can I buy a home after bankruptcy?

If you’re using a mortgage to buy a home after bankruptcy, you’ll need to follow the waiting periods that correspond with your loan and bankruptcy type. Most lenders offer “bankruptcy home loans,” which are simply mortgages for borrowers with a bankruptcy in their credit history.

How long after bankruptcy can you get a mortgage?

Here’s an overview of how long after bankruptcy you can get a mortgage, depending on the kind of loan and the chapter you file: Leslie Tayne, attorney and founder of Tayne Law Group in Melville, New York, says you’re eligible for a mortgage a few years after a Chapter 7 discharge of debt.

Can I get a mortgage after a Chapter 7 bankruptcy?

It’s important to note that your options for a mortgage will be limited after a Chapter 7 bankruptcy. FHA and VA loans require a 2-year waiting period after the bankruptcy has been discharged or dismissed before you apply. If you’re getting a conventional loan, you have to wait 4 years after discharge or dismissal before applying.