Upcoming Foreclosures

Is it possible to get FHA (HUD) loan after foreclosure and bankruptcy on a VA Loan?

I had a Veterans Loan foreclosed on 3-6 months ago and ended up filing bankruptcy (chapter 7) which will be discharged on 6-1-10. The court abandoned all interest from the government and my creditors through the bankruptcy. My reason for the foreclosure and bankruptcy was loss of a spouse's job and medical expenses from a sick child. Will I be able to get another loan through FHA (Hud) with a foreclosure on a VA loan on my record since the loan was discharged through the bankruptcy court?

Public Comments

1. Sure in about 5 yrs
2. In 5-7 years, assuming you don't screw any others.
3. Most likely you will not qualify to purchase another home for 7-10 years.
4. Sure you can, once you rebuild your credit and distance yourself from your foreclosure and bankruptcy. Four years bare minimum, most likely more like 7 -- 10.