FHA has a two year waiting period after CHAPTER 7 BANKRUPTCY discharged date. You can qualify for non-qm loans one year after Chapter 7 Bankruptcy discharged date. 10% to 20% down payment on purchase is required with non-qm loans. 640 credit scores minimum for 20% down payment on purchase. 660 credit scores require 15% down payment. 10% down payment on purchase requires 680 credit scores.
Gustan Cho NMLS 873293
A Division of DAS ACQUISITION COMPANY NMLS 227262
The Gustan Cho Team at USA MORTGAGE