bankruptcy: How Long Must You Wait to Buy a Home After Foreclosure or Bankruptcy? - 03/16/16 05:11 AM
There's no question that a foreclosure or bankruptcy can advesrely affect your ability to buy a home, or completely eliminate the possibility.  However, it is often more a question of when than if  you can ever buy a home again.  Different loan types or programs have different waiting periods.
Generally speaking, government-insured loans, such as FHA and USDA Rural Developement have shorter waiting periods, e.g., 2-3 years.  In fact, if you had a short sale and can qualify for a VA loan, there is actually no waiting period, with certain restrictions. 
For conforming/conventional loans (Fannie Mae and Freddie Mac), periods are longer.  For … (1 comments)