One of the many myths out there about bankruptcy is that someone who files bankruptcy will never be able to buy a house. This is not true!
The current mortgage underwriting rules (which set forth the criteria for allowing a lender to approve a mortgage loan) allow a person to qualify for a mortgage two years after they file a Chapter 7 bankruptcy or after they’ve made twelve payments to the trustee in a Chapter 13 bankruptcy. That’s right, while you are in an active Chapter 13 case, you can purchase a house. There are hoops you must jump through, but it is possible!Read more about Can I Buy a House After Filing for Bankruptcy?