You need your Bankruptcy Chapter 7 to be discharged first before getting a loan to buy a house. Most lenders require two to four years of re-established credit before they will consider making you.

You will have to check all 3 of your credit report and dispute all the old accounts that are still there after the discharge of. Buying a house after chapter 7.

The ability to buy a home after your chapter 7 bankruptcy has been discharged depends on a number of factors. In some cases, it may actually be possible to do so almost immediately after Chapter 7.

Chapter 7 Bankruptcy. A chapter 7 bankruptcy is when you discharge your debts – meaning that you don’t pay them back if you qualify for this kind of bankruptcy. This type of bankruptcy does not disqualify you from obtaining an FHA mortgage. You can get an FHA loan in as little two years after filling a chapter 13 bankruptcy. Here are the.

buying a house after chapter 7 discharge – Farmfreshfridays – – How you filed your case may affect your ability to buy a house after bankruptcy. In a chapter 7 bankruptcy, the trustee directed your assets to be liquidated and distributed to your creditors in exchange for a complete discharge of all of your debts.

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HUD requires that a minimum of 24 months must have elapsed from the DISCHARGE date of a Chapter 7 Bankruptcy before a borrower can be eligible for an FHA mortgage. For a Chapter 13 Bankruptcy, then you must have made at least 12 on time payments. Additionally, you must also have permission to purchase from the Bankruptcy Court.

Even if you have a Chapter 7 or Chapter 13 bankruptcy on your credit report, you can still buy a home after a certain period of time. The exact length depends on several factors, including the type of bankruptcy and the type of home loan you’d like to get.

Can I purchase a home one year after a chapter 7 discharge, with a cosigner or jointly.? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.