For the normal individual it takes about two years for them to get accepted for a home loan after bankruptcy. And this is the soonest possible time in which this can happen; it is an industry rule for companies not to issue a loan before that particular time.
But this time is definitely perfect for the individual’s as well, and in two years time you will have gained a better your credit score, the reason for the two year period is that the lenders want to see you building good credit and not having any debt owed to any company. The really want to see if you can be able to keep up with the necessary payments such as installments and revolving payments. The main thing that they are looking for is the signs that you can keep the ship stable and this can be done by checking your job to see if it is good paying and the length of time you were working there and also they will check the area that you are living in for a period of time.
And a very important note is that will want a down payment on your mortgage loan, when doing this 20 percent is a good average to go towards as by doing this you will not be required to pay private mortgage insurance, this will save you some well needed money and also shows you are stern on looking for a loan. And if you are a person that cannot find 20% then don’t be discouraged as there is other area’s in which you can fill the gap.