How Soon After Bankruptcy Can I Buy A House at Buying

How Soon After Bankruptcy Can I Buy A House. If you’ve gone through a chapter 7 bankruptcy, you need to wait at least 4 years after a court discharges or dismisses your bankruptcy to qualify for a conventional loan. The credit bureaus will delete a chapter 13 case from your record seven years after the filing date, which can be just two years after receiving a discharge.

How long that takes however depends on the type of bankruptcy you filed for. The amount of time you need to wait to apply for a conventional loan after a chapter 13 bankruptcy depends on how a court chooses to handle your bankruptcy. Most people applying for a loan will need to wait two years after bankruptcy before lenders will consider their loan application.

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Can you buy again after bankruptcy? For a chapter 13 bankruptcy, you may be able to apply immediately or you may need to wait up to 4 years. Additionally, you’ll need to show that you’ve handled your financial affairs responsibly after the bankruptcy. In the case of chapter 13, it can take between 25 days and 2 months while chapter 7 typically requires 2 years before you can get a mortgage again.