How long after bankruptcy will it take for me to buy a house?

Asked by Nevergiveup, Wilmer, AL Sun Dec 6, 2009

Help the community by answering this question:

+ web reference
Web reference:


, ,
Tue Dec 8, 2009
A minimum of 2 years from the discharge date on a Chapter 7 and for a Chapter 13 verification for a minimum of a 12 month period that all court ordered payments have been made on time. For Ch 13 you would also need a letter from the courts trustee allowing you to proceed with a mortgage in order to even start with your mortgage application.

In both cases you must have reestablished credit, have a solid work history and provide an explanation for the bankrupcy.

Just as a warning, if you have even one late since the bankrupcy, most underwriters will not approve you loan.

I hope this answers your question.

Good luck.
0 votes
Sean Dawes, , Philadelphia, PA
Sun Dec 6, 2009
What kind of bankruptcy did you file, that will depend on how long you need to wait.

Also your credit score needs to be up near where lenders will lend (640 or so)

Sean Dawes
Web Reference:
0 votes
Dottie Studt, , Gulf Shores, AL
Sun Dec 6, 2009
That depends on a lot of things. Mortgages are not so easy to get these days. My email address is .
My phone: 251-978-1471
Please feel free to call me. I have a house for sale in Semmes.
0 votes
Search Advice
Ask our community a question
Home Buying in Wilmer Zip Codes

Email me when…

Learn more