What others has answered is correct. The guidelines state you must wait a minimum of two years from the sale of a chapter 7 bankruptcyâ€™s discharge (different for a chapter 13.) HOWEVER, Cal-Vet is a bit different. MY experience is that Cal-Vet will look at extenuating circumstances with a more sympathetic ear that other lenders can. Their rates are not as good as regular VA loans, but if there were extenuating circumstances it may be worth running your scenario past Cal-Vet. Iâ€™ve seen Cal-Vet do loans only a few months after a foreclosure! Again, it has to be a legitimate situation, but they do have more flexibility than other lenders do.