mrsblank913 Posted May 10, 2006 Report Share Posted May 10, 2006 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! Link to comment Share on other sites More sharing options...
momof5 Posted May 10, 2006 Report Share Posted May 10, 2006 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. Link to comment Share on other sites More sharing options...
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