Here is a summary of the various types of financing and the respective waiting periods:
VA(must be an eligible veteran): 2 years with re-established credit
FHA: 2 years with re-established credit
Conventional: Chapter 7 - 4 years or 2 years with documentable extenuating circumstances including, but not limited to: divorce; loss of employment; death of a spouse
Conventional: Chapter 13 - 2 years from discharge or 4 years from dismissal
USDA Rural Housing: 3 years with re-established credit
I have quite a bit of experience helping clients with prior bankruptcies, as well as helping clients improve their credit scores and other factors to become eligible for financing. Please shoot me an email if you would like to talk further at email@example.com.
For a chapter 13 bankrutcy you have to have one year into the backruptcy to have "Paid as agreed' on the debts, at that point the Trustee can release you to purchase a condo.
RE/MAX Realty Group