Here are some guidelines that FHA will use to determine if you will qualify for a loan after a bankruptcy:
1) Twenty four months have passed since the bankruptcy has been discharged.
2) Any outstanding tax liens have been paid or the appropriate arrangements have been made via a repayment plan on file with the IRS or Department of Revenue.
3)Three years have passed since a foreclosure or a deed-in-lieu has been resolved.
4) All judgments have been paid.
So while bankruptcy is not always a death sentence when it comes to buying a home, you may have to pay a higher interest rate on your loan. Don't let it discourage you from contacting a local mortgage lender. They will be able to help you either get pre-approved or help you take the steps to rebuilding and repairing your credit for the future.
Re/Max Edge Realty
My understanding of bankruptcy is major purchase that add new debt have to be approved by the Court. I would recommend you consult with an attorney about this matter and then check with a loan officer.
Best of luck.
If you are not at able to purchase a home at this time, the lender should be able to give you some tips on what to do to achieve your home ownership goal
Best of Luck