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: 4 years from the discharge or dismissal date. Exceptions for Extenuating Circumstances
Buying a house after a Chapter 7 bankruptcy is entirely possible, typically requiring a waiting period of from your discharge date . The specific timeline depends heavily on the type of mortgage you choose and your ability to demonstrate financial recovery. Mandatory Waiting Periods by Loan Type
In specific cases, you may qualify for a mortgage sooner—sometimes in as little as for FHA loans or 2 years for conventional loans. To qualify, you must prove the bankruptcy was caused by a non-recurring event beyond your control, such as: How Soon Can I Qualify for a Mortgage After Bankruptcy?
Lenders use a "seasoning period" to ensure you have re-established financial stability after your bankruptcy discharge. : 2 years from the discharge date. VA Loans : 2 years from the discharge date. USDA Loans : 3 years from the discharge date.