If everything else is good like your job history, credit since bk, income, etc...you would be able to buy a new home with FHA now ...and could have 2 years after your discharge. one thing that could hang you up though is not having post bk rental history. You might still be able to get a mortgage, but you might not, depending on the underwriter. Also, go to a lender, not a broker, because brokers often add more requirements in order to lower their risk. You will not be able to get conventional financing for 7 years post bk. Also, you need at least a 620 FICO now with FHA, and some lenders will want a 640 - mid score.