Buy a Home After Bankruptcy

A borrower who experienced a bankrupty qualifies for a conventional home loan after the following waiting periods have elapsed:

Waiting Periods After Bankruptcy - Fannie Mae Conventional Home Loan

Credit EventWaiting PeriodWaiting Period with Extenuating Circumstances
Chapter 7 4 Years2 Years
Chapter 114 Years2 Years
Chapter 132 Years from Discharge Date
4 Years from Dismissal Date
2 Years from Discharge Date
2 Years from Dismissal Date
Multiple Bankruptcy Filings5 Years if more than 1 filing is within the past 7 years3 Years from the most recent Discharge or Dismissal Date

 

A borrower who experienced a bankrupty qualifies for an FHA home loan after the following waiting periods have elapsed:

Waiting Periods After Bankruptcy - FHA Home Loans

Credit EventWaiting PeriodWaiting Period with Extenuating Circumstances
Chapter 72 Years from Discharge Date2 Years from Discharge Date
Chapter 112 Years from Discharge Date2 Years from Discharge Date
Chapter 132 Years from Discharge Date2 Years from Discharge Date