Buying A Home After Bankruptcy Discharge May 2026

The "seasoning" period begins on your (when the court legally releases you from debt). Chapter 7 Waiting Period Chapter 13 Waiting Period Conventional 2 years after discharge FHA 1 year of on-time payments VA 1 year of on-time payments USDA 1 year of on-time payments

Beyond the down payment, prepare for higher interest rates that often apply to post-bankruptcy borrowers. buying a home after bankruptcy discharge

Contact specialized lenders early to understand exactly when you will be eligible for a mortgage pre-approval . The "seasoning" period begins on your (when the

Use AnnualCreditReport.com to ensure all discharged debts are correctly marked as "included in bankruptcy" with a $0 balance. Use AnnualCreditReport

Meeting the waiting period is only the first step. Lenders from sites like Bankrate and Rocket Mortgage typically require:

Periods for Conventional and FHA loans may be shortened to 12–24 months if you can prove "extenuating circumstances," such as a job loss or serious illness. Key Requirements for Approval