Buying a Home After Chapter 7 Bankruptcy: What You Need to Know

After filing for Chapter 7 bankruptcy, there is typically a waiting period of about two years before you can qualify for a mortgage. The key to improving your chances of securing financing is to avoid accumulating any negative credit after your bankruptcy filing. By staying current on all of your obligations and maintaining good financial habits, you’ll be in a stronger position to apply for future financing, whether it’s for a car loan, credit card, or mortgage. Staying disciplined post-bankruptcy is crucial for a successful recovery.