Buying A House After Chapter 7 Bankruptcy at Buying

Buying A House After Chapter 7 Bankruptcy. You can absolutely get a mortgage after a chapter 7 bankruptcy. Yes, you can buy a house after filing for bankruptcy.

You are eligible for an fha loan after chapter 7 two years after discharge (the court order that releases you from liability for the debts included in the bankruptcy). After a bankruptcy, it may feel as though you will never be able to afford a large purchase again. In general, for most loans you are eligible two years after you receive your discharge in a chapter 7 case.

Buying Your First House After a Chapter 7 Discharge

After a bankruptcy, it may feel as though you will never be able to afford a large purchase again. How long after bankruptcy can you buy a house? The waiting period to buy a house depends on whether you filed chapter 7 or chapter 13 bankruptcy, and the type of loan you seek. If you hold off for a couple of years and continue to work on your credit, you’ll be far more likely to get a lower interest rate and better terms.