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Submitted by on Fri, 03/25/2011 - 04:18
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Can I be eligible for loans after filing bankruptcy.If no when can I apply?


You won't be able to qualify for a mortgage immediately after filing bankruptcy. If you had filed Chapter 13, then you need to wait for 1 year after your bankruptcy discharge in order to qualify for a FHA loan and 2 years to qualify for a conventional loan. If you've filed Chapter 7 bankruptcy, then you'll have to wait for 2 years after the discharge to get a FHA loan and 4 years to qualify for a conventional loan.


Submitted by Anna Sweeting on Fri, 03/25/2011 - 19:18

Anna Sweeting

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