BUYING A HOME
Can You Buy a House After Bankruptcy?
-
Brady Webb
The short answer is yes. Filing for bankruptcy doesn't mean your dream of homeownership is over. Many buyers qualify for a mortgage after bankruptcy once they meet the requirements of the loan program they're applying for.
If bankruptcy is part of your financial journey, here's what you need to know.
Bankruptcy Doesn't Mean You Can't Buy a Home
One of the biggest misconceptions is that bankruptcy permanently prevents you from getting a mortgage.
Chapter 7 vs. Chapter 13
Your mortgage options depend partly on the type of bankruptcy you filed.
Chapter 7 Bankruptcy
Chapter 7 typically eliminates qualifying unsecured debt through a court discharge. Most loan programs require a waiting period after the bankruptcy has been discharged before you're eligible to apply for a mortgage.
Chapter 13 Bankruptcy
Chapter 13 involves a court-approved repayment plan. Depending on the loan program and lender guidelines, some buyers may qualify before completing the repayment plan with the appropriate court approval.
The waiting period varies based on the loan program and your individual circumstances.
What Do Lenders Look For?
A bankruptcy is only one part of your financial picture. Lenders also consider factors such as:
- Your current credit score
- Stable employment and income
- Debt-to-income ration
- Savings and down payment
- Payment history after bankruptcy
The stronger your financial profile today, the better your chances of qualifying.
How to Improve Your Chances
If you're planning to buy a home after bankruptcy, these steps can help:
- Make all payments on time
- Keep your credit balances low.
- Avoid taking on unnecessary debt.
- Build your savings
- Get pre-approved before shopping for a home.
A mortgage professional can review your situation and help you understand which loan programs may be available.
Mortgage Programs That May Be Available
Depending on your qualifications, you may be eligible for:
- Conventional Loans
- FHA Loans
- VA Loans (for eligible veterans)
- USDA Loans (for eligible properties)
- Non-QM Loan Programs in certain situations
Each program has its own guidelines and eligibility requirements.
The Bottom Line
Bankruptcy doesn't have to define your future.
Many people become homeowners after rebuilding their finances, and you may be closer than you think.
If you're wondering whether you qualify, I'd be happy to review your situation, explain your options, and help you create a plan toward homeownership.
American Mortgage Solutions proudly serves homebuyers throughout Florida and Kentucky.
📞 Contact Brady Webb
🌴 American Mortgage Solutions
📍 Cape Coral, FL: (239) 766-8344
📍 Louisville, KY: (502) 327-9770
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Copyright © 2026 American Mortgage Solutions NMLS: 1364/MB73346
Licensed in: FL, KY, IN
FL-MBR1574, KY-MB73346
Copyright © 2026 American Mortgage Solutions NMLS: 1364/MB73346
Licensed in: FL, KY, IN
FL-MBR1574, KY-MB73346
American Mortgage Solutions follows all Equal Housing laws. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.
These materials are not from HUD, FHA, the USDA, or the VA. These materials were not approved by any government agency. They are independent of any government agency. We are not in any way affiliated with any organization listed or referenced within this website, including HUD/FHA/USDA/VA. The inclusion of various education, information, web links, or materials are not an endorsement of the Sender or any of its employees or business partners. For information directly from HUD/FHA, visit https://www.hud.gov/guidance For information directly from the VA, visit http://www.benefits.va.gov/HOMELOANS/ For information directly from the USDA, visit http://www.usda.gov/wps/portal/usda/usdahome?navid=GRANTS_LOANS