Bankruptcy Myth 05
You'll never be able to buy a home if you file bankruptcy.
You should be able to obtain a new mortgage or refinance an existing mortgage at competitive rates through a special program underwritten by the Fair Housing Authority ( FHA) one year after you file Chapter 13 and two years after you file Chapter 7. This program, created by the Federal government, is based not on your credit score but on factors such as your income and payment history after your bankruptcy.
