If a Veteran Files Bankruptcy and Wants to Buy Another Home in the Future, What Happens?


by Frank Lozano, Amerisave Mortgage, VA Loan Specialist

A. Veterans who file for bankruptcy are still allowed to use a VA home loan if they are eligible. Unfortunately the process does require a waiting period. You are allowed to purchase another home two years after the “discharge date” of your bankruptcy. Keep in mind that the filing date does not factor in-you must wait the two years after bankruptcy has been discharged. Once you are eligible to buy another home, the usual credit and income requirements apply.

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