Bankruptcy and Mortgage Approval 2+ years outHello.I am hoping to be able to apply for a mortgage in the summer of 2014 and I wanted to ask the experts here their opinion. I declared ch 7 bankruptcy and it was discharged on 5/30/12. From what I understand, you must be at least two years removed from discharge date to be eligible for FHA, and I'm assuming any other type of mortgage. I just pulled my VantageScore and it's 698. I now make $75,000 and will have (hopefully) been at my job 8+ years by next summer. I will have between $20,000-$30,000 for a down payment. I am in KS if that matters.I currently have a student loan, auto loan and one credit card with a $500 limit and the balance stays below $100. I opened that to start my credit repair. I've been on time with them all since the bankruptcy.So having said all that, I feel like my income, job history and now debt level are on my side and I have another 8-10 months to continue bumping my score up, but the bankruptcy is obviously the huge cloud hanging over all of this.Can anyone give some advice as to whether you think I would receive approval next summer?Thank you.October 18 2013 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.