“Lenders don't care about a BK as long as it is passed the waiting period. Credit score is important, but the BK is only glanced at to confirm the date and time had passed.” Reddit · r/Bankruptcy · 2 years ago
The time you must wait to apply for a mortgage depends on the loan program and whether your bankruptcy was (successfully completed) or dismissed (stopped before completion). Mortgage Type Waiting Period After Chapter 13 Discharge Waiting Period After Chapter 13 Dismissal FHA Loan No waiting period VA Loan No waiting period USDA Loan No waiting period Conventional Buying While in an Active Chapter 13 Plan can you buy a house after chapter 13
: You must have completed at least one year of your repayment plan with zero late payments. “Lenders don't care about a BK as long
: Be ready to provide your full bankruptcy petition, payment history from the trustee, and final discharge papers. Buying A House While in Chapter 13 Bankruptcy | 2026 : Be ready to provide your full bankruptcy
: While some loans (like VA or USDA) offer 0% down, saving a nest egg shows lenders financial discipline and reduces your overall loan amount.
“Fha only requires 12 on time payments in a chapter 13, with the caveat that the loan must be manually underwritten. The two year rule is about lenders being allowed to do automatic underwriting.” Reddit · r/Bankruptcy · 6 months ago Key Steps to Prepare for Homeownership
If you are currently making payments in a 3- to 5-year reorganization plan, you don't necessarily have to wait for it to end. Under FHA , VA , and USDA guidelines, you can apply for a home loan if you meet these requirements: