Can I Buy a House After Bankruptcy?
Can I Buy a House After Bankruptcy?
If you've filed for bankruptcy, you might be wondering if you'll ever be able to buy a house again. The good news is that it is possible to get a mortgage after bankruptcy. Here are a few things you need to know about getting a mortgage after bankruptcy.
First, you'll need to wait at least two years after your bankruptcy discharge date to qualify for a conventional mortgage. If you want to buy a house sooner than that, you might be able to get an FHA loan. FHA loans have less strict requirements than conventional loans, so it may be easier to qualify for one of these loans if you've recently filed for bankruptcy.
Second, you'll need to make sure your credit score has recovered before applying for a mortgage.
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