Bankruptcy doesn't mean never. With FHA, you could qualify in as little as 1–2 years—far faster than conventional loans.
Not a commitment to lend. Waiting periods apply. Subject to credit and income approval.
FHA is specifically designed to help people rebuild. Here's what you need to know.
FHA allows approval 2 years after Chapter 7 discharge—half the time of conventional loans.
With court approval and 12 months of on-time plan payments, you could qualify while still in Chapter 13.
FHA looks at your credit rebuild efforts—on-time rent, utilities, and new credit lines help significantly.
If bankruptcy was caused by job loss, medical bills, or similar hardship, FHA may consider earlier approval.
FHA still allows 3.5% down with a 580+ credit score—making homeownership accessible during recovery.
Nevada Housing Division offers down payment assistance programs that stack with FHA for post-bankruptcy buyers.
What to do while you wait—and what lenders will want to see.
Open a secured credit card, become an authorized user, or get a credit-builder loan. Aim for 3–4 tradelines with on-time payments.
FHA underwriters look at alternative credit—consistent rent, utility, and phone payments prove reliability.
FHA prefers 2 years of employment history in the same field. Job hopping after bankruptcy can raise red flags.
You'll need 3.5% down plus 2 months of reserves (PITI). Showing disciplined savings strengthens your case.
If bankruptcy was due to medical emergency, job loss, or divorce, gather documentation—FHA may grant exceptions.
Post-bankruptcy credit behavior matters more than pre-bankruptcy. One late payment can reset your timeline.
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