Can You Buy a House After Bankruptcy?

Written by True Tamplin, BSc, CEPF®

Reviewed by Editorial Team

Updated on March 14, 2023

You can definitely buy a house after bankruptcy.

Some loans require you to wait 2-4 years before you can apply. FHA loans are generally more forgiving in terms of credit requirements and so are a great option if you recently went through bankruptcy.

Can You File Bankruptcy and Keep Your House?

You can file bankruptcy and keep your house if you file for Chapter 13. Chapter 13 allows you to restructure your debt instead of losing assets.

If you file Chapter 7, you may still keep your home by protecting the equity in it through an exemption.

Can You Buy a House After Bankruptcy? FAQs

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.

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