Buying a Home After Chapter 7 Bankruptcy

Buying a home after Chapter 7 bankruptcy can feel intimidating, but for many buyers, it’s more possible than they expect.

This guide explains what buyers need to know, common timelines, and how to approach homeownership after financial hardship realistically and responsibly.

Can You Buy After Chapter 7?

Yes. Many buyers can qualify after meeting waiting periods and rebuilding credit.

What Matters Most

Lenders focus on:

•              Time since discharge

•              Credit rebuilding

•              Stable income

•              Down payment strategy

Common Misconceptions

Many people wait longer than necessary because they assume buying isn’t possible.

Planning Matters

Clear planning helps buyers move forward confidently.

Many buyers rebuilding after bankruptcy explore loan options. I explain one common path in my guide on FHA loans in California and what buyers need to know.

FAQs

How long after Chapter 7 can I buy a home?
Often 2–4 years depending on loan type.

Do I need perfect credit?
No, but rebuilding matters.

Can FHA loans be used after bankruptcy?
Often yes, after required waiting periods.

Should I wait longer to buy?
That depends on goals and stability.

Amber Johnson, Founder
Pillar Real Estate
805.835.3425
[email protected]
1345 Park St. Paso Robles, CA 93446
DRE# 01925434