Can I get a mortgage one year after bankruptcy?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
In a Chapter 13, yes — you can buy after 12 months of on-time plan payments with trustee approval on FHA and VA loans. After a Chapter 7 discharge, the standard wait is two years for FHA and VA.
Some non-QM lenders offer financing one day out of bankruptcy with a larger down payment. We'll tell you whether to wait for the better-priced government loan or use a flexible program now.
Buying one year out
One year after bankruptcy is possible in specific cases. FHA allows it after Chapter 13 with 12 months of on-time plan payments and trustee sign-off. Chapter 7 usually needs the full two years.
An FHA program can also shorten waits after a documented hardship. These are narrow paths, but they exist.
Testing your eligibility in Florida
A year out, the details decide everything. Your bankruptcy type and payment record set your options. We know which lenders work these files.
Bring your discharge or plan documents. We will check whether an early purchase fits your situation.