The situation of a BK caused by divorce unfortunately isn't an extenuating circumstance.
If, for example, you got divorced and had joint debts, and the joint debts were named the sole responsibility of your ex-spouse in the divorce decree, and the ex-spouse filed BK, and so those joint debts also were listed as included in BK on your credit report - the the divorce decree would be needed to prove to the new mortgage lender's underwriter that those were the ex-spouse's sole responsibility and should not be held against you when considering you credit-worthy. However that isn't the same situation as filing BK yourself.
Jeff Onofrio NMLS#38670
AnnieMac Home Mortgage
Interestingly, I just had this question from a client of mine. In researching this I was told that the banking commission requires a minimum of 3 years post discharge before having a new mortgage. I am not a banker and don't want to give financial advice but can connect you with the right people who can. Additionally, have you considered a rent to own situation? I currently work with this type of product and would love to explain how it works. Basically part of your rent every month goes to your down payment. When your discharge is at 3 years you could easily have a great down payment and additional purchase power. I would be happy to answer additional questions you have. Please feel free to contact me at 603-391-5382
Sandy Grimes, Realtor
I understand your frustration, and as far as I know 2 years is the rule, but I do have 2 great people I work with that could answer that question for you. If you can email or call me I can give you the numbers or I can have them call you.
Prudential Verani Realty