My husband and I have been discharged from a chapter 7 bankruptcy. How long do we have to wait to buy a home?

My husband has a home loan guarantee through the military but what good is it if we cant get financed?My husband and I have been discharged from a chapter 7 bankruptcy. How long do we have to wait to buy a home?
None, you need to have 2 years of seasoning on a bankruptcy before lenders will consider lending to you.My husband and I have been discharged from a chapter 7 bankruptcy. How long do we have to wait to buy a home?
Unless you want to pay double-digit interest rates, I would suggest you wait 4 years.





Don't repeat the same mistakes that led you to the bankruptcy again...b/c the court won't let you file it again.





Re-establish at least 4 lines of credit, this can include a car, and have a perfect payment history...no lates...the rules are different for borrowers with a prior BK than those that didn't have one.





Then you should be able to get a very good loan and good rates.





If you do it now, you will pay out the nose.
24 months last I heard. Considering the current disposition of the market, it could be even longer.
If you make a large down payment, you can buy a house at any time.
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