I filed bankruptcy about two years ago after a rough patch (divorce, job loss, you know, the whole shebang). Things are finally looking up, and I'm thinking about buying a house again. I've heard FHA loans might be an option even with bankruptcy on your record, but I'm not sure how realistic that is. Has anyone here been through something similar and managed to get approved? Curious how long you had to wait or if there were any extra hoops to jump through.
Went through something similar myself a few years back. FHA usually wants about two years after bankruptcy, so you're probably right around the sweet spot. Just be ready for extra paperwork and maybe some explaining...but it's totally doable. Hang in there, you're on the right track.
Have you checked your credit report lately to see how things are looking since the bankruptcy? FHA does typically want around two years, but I've seen cases where people got approved a bit sooner if their credit rebounded nicely. Also, have you talked to a lender yet? They can give you a clearer picture of what extra docs or explanations might be needed. Either way, sounds like you're already doing the right things...good luck!
