Focus on making on-time payments and keeping credit card balances low (ideally under 30% utilization).
The "seasoning" period begins on your (when the court legally releases you from debt). Chapter 7 Waiting Period Chapter 13 Waiting Period Conventional 2 years after discharge FHA 1 year of on-time payments VA 1 year of on-time payments USDA 1 year of on-time payments buying a home after bankruptcy discharge
Buying a home after a bankruptcy discharge is achievable, but it requires navigating mandatory waiting periods and active credit rebuilding. While a bankruptcy stays on your credit report for , you can often qualify for a mortgage much sooner—sometimes in as little as one to two years depending on the loan type. Mortgage Waiting Periods Focus on making on-time payments and keeping credit
Meeting the waiting period is only the first step. Lenders from sites like Bankrate and Rocket Mortgage typically require: While a bankruptcy stays on your credit report