will i have any luck with any bank out there for buying my home? any recommendations on banks who are willing to give a second chance?
You must wait 2 years post discharge for an FHA or VA loan; 4 years post discharge for a conventional loan.
What does this mean? Unless you are a veteran, you need to wait 2 years after discharge to qualify for an FHA loan. Your other option is a portfolio lender, which is likely to ask for 30% down and offer rates between 7-8%.
These answers all assume a CH7 bankruptcy. The answers will be different if it's CH13.
Depends a little on what loan program...
FHA/VA only requires one year of on-time payments to the trustee (and approval by the trustee). Which means little more than 1 year after filing, and 4 years before discharge. After the CH13 is discharged, there is no wait required by law. But many underwriters will have their own waiting period, so there is no guarantee.
USDA basically follows FHA guidelines, depending on who you ask.
Conventional loans are the most restrictive. They require a two year wait after discharge. Altho I personally wonder if a borrower would be held to that if their credit reports are cleared of the BK before the two years are done.