Susan, there are several facts that would need to be revealed to accurately answer your question. First, did you file Chapter 7 or 13? If Chapter 7 then, as a general rule, you must wait until at least 2 years after the discharge date. If Chapter 13 you only need show that your last 12 monthly payments to the Trustee were timely. Beyond that, most Underwriters will not grant a new loan if you have had payments more than 30-days past due after the bankruptcy. If you have, some Underwriters will listen to see if there is a good reason for the 30-day late while others won't listen to any excuse. In addition, you will must have re-established your credit post-bankruptcy to have an acceptable credit score. These are just a few of the issues that will need to be answered. I would suggest you contact a mortgage lender in your area, provide all the requested documentation, and allow them to look at your credit and advise a course of action for you, as that is the ONLY way you will know if you qualify now or what you need to accomplish to qualify in the future.
Jack Gillis, M.B.A., J.D.
Jack Gillis Realty Advisors
Nathan Grace Real Estate, Broker
5619 Dyer Street | Suite 100
Dallas, TX 75206