https://ficoforums.myfico.com/t5/Mortgage-Loans/Chapter-7-and-mortgage/m-p/532970#M48274 collections post BK and less tham 2 years since  BK will be a no go.  you need the 2 years post BK unless there are some seriously compensating factors (and even then it is almost impossible).  On top of that, any lates or collections post BK is usuallu a deal killer.  They will more than likely want at least 2 years perfect credit to show re-established credit. Sat, 11 Jul 2009 08:50:46 GMT Anonymous 2009-07-11T08:50:46Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Chapter-7-and-mortgage/m-p/532777#M48245 i had a discharged chapter 7bk in 11-2007 will this stop me from getting a mortgage loan in the next 2 months.  I have paid all my accounts on time except for a couple of collections that I didn't know I had and I paid them off as soon as I find out about the collections.  Will this stop me from getting a mortgage.  I will be hopefully with God's help a first time homebuyer soon, before the tax credit deadline. Sat, 11 Jul 2009 01:08:36 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Chapter-7-and-mortgage/m-p/532777#M48245 Anonymous 2009-07-11T01:08:36Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Chapter-7-and-mortgage/m-p/532801#M48246 I believe it has to be a full 2 years since discharge. Sat, 11 Jul 2009 01:43:24 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Chapter-7-and-mortgage/m-p/532801#M48246 WannaHouse 2009-07-11T01:43:24Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Chapter-7-and-mortgage/m-p/532811#M48248 We filed chapter 7 and it was discharged in March of 07.  We are closing on a home July 17th, but it has been over two years for us.  We are doing a USDA Rural Development loan and since our mid score was 683, I think it made it easier.  I believe if you mid score is 660 or above, they overlook a lot of past credit mistakes.  I was told that you couldn't have anything negative in the past 12 months, which we haven't had any negatives since the BK.  I think they may be stricter on negatives if they have occurred since the BK.  It doesn't hurt to try.  Good luck! Sat, 11 Jul 2009 02:00:44 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Chapter-7-and-mortgage/m-p/532811#M48248 Anonymous 2009-07-11T02:00:44Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Chapter-7-and-mortgage/m-p/532886#M48264 Collections after BK are going to be extremely hard to overcome, especially with less than 2 years from bk. Sat, 11 Jul 2009 04:05:20 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Chapter-7-and-mortgage/m-p/532886#M48264 Anonymous 2009-07-11T04:05:20Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Chapter-7-and-mortgage/m-p/532970#M48274 collections post BK and less tham 2 years since  BK will be a no go.  you need the 2 years post BK unless there are some seriously compensating factors (and even then it is almost impossible).  On top of that, any lates or collections post BK is usuallu a deal killer.  They will more than likely want at least 2 years perfect credit to show re-established credit. Sat, 11 Jul 2009 08:50:46 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Chapter-7-and-mortgage/m-p/532970#M48274 Anonymous 2009-07-11T08:50:46Z