– FHA Credit & Debt Requirements. What is the FHA waiting period for borrowers with previous bankruptcy? Bankruptcy does not automatically disqualify a borrower from obtaining an FHA loan. Minimum 2 years since discharge of chapter 7 bankruptcy.
Is It Hard To Get A Fha Loan Understanding the FHA 203(k) Loan Pros and Cons – "Rehab loan" is the nickname for FHA 203(k) Mortgage Insurance. This program is administered by the U.S. Department of Housing and urban development (hud). You can get up to $35,000 for improvements (minimum amount you can take is $5,000). You must take this loan at the time you purchase the house.