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Mortgage after Bankruptcy


mrsblank913
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My husband and I are debating filing bankruptcy, but we wanted to purchase a house within the new few years... I was just wondering if there was an approximate timeline after bankruptcy (assuming all credit is kept in good standing) that it is possible to get approval for a mortgage.

Anyone with experience with this?

Thanks for any input!

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It all depends.....

For me, I was financed for a mortgage 18 mo out of BK. I am a veteran and the VA guidelines are far more lenient. You need to make sure that you pay EVERYTHING on time after the BK. You need to get new credit established and pay on it timely...secured cards are a good place to start with that.

2 yrs out of BK is usually a good to go for a mortgage.

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