While you won’t qualify for a mortgage loan soon after your bankruptcy, that doesn’t mean you will never qualify. It takes longer to qualify for a conventional loan, but you may qualify for a Federal Housing Administration loan two years after the discharge date of a Chapter 7 bankruptcy and one year after filing for a Chapter 13 bankruptcy.
You may qualify for a conventional loan
For the latter, you will need bankruptcy court approval. For conventional loans, it’s a least four years after a Chapter 7 discharge. Once your Chapter 13 bankruptcy is discharged, you may qualify for a conventional loan within two years, but it is four years if your bankruptcy was dismissed without discharge.