Buying a home after a BK~ Waiting periods

Salem Oregon Homes For Heroes


Did you know that buying a home after bankruptcy in Oregon requires a waiting period before qualifying for an FHAVAUSDA, or Conventional mortgage program?  And, how soon you can purchase after the bankruptcy (the length of the waiting period) depends on what type of home mortgage loan you plan to use.  Why?  Because FHA, VA, USDA, and Conventional financing all have different qualifying guideline requirements for people who have experienced a chapter 7 or 13 bankruptcy.

Buying a home after a chapter 7 or 13 bankruptcy in Oregon is not as difficult as you may think!

See below for details:

FHA Home Loan After Chapter 7 Bankruptcy

  • 2 years from date of discharge with re-established credit paid as agreed or no new credit obligations incurred
  • Less than 2 years, but not less than 12 months from date of discharge may be…

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