filed bk 8mos ago got everything discharged 6mos ago have 3 major credit cards since do i qualify

Profile picture for lafd165
i filed for bk 8 mos ago got discharged 6 mos ago since then i have purchased a new vehicle got 3 major credit cards my balances are at 50pct of my limits do i qualify for a home or how long do i have to wait
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March 28 2011 - San Fernando
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Profile picture for wetdawgs
Your income and debts.   You can use the mortgage calculator for "how much can I afford:"  on the "mortgage tab" to get some hints. Link here.
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March 28 2011
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how is the amount that one qualifies calculated
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March 28 2011
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In addition to previous comments, you mention your balances are 50% of your limits.   Try keeping it at 30% or less of your limits as you repair your credit over the next couple of years.
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March 28 2011
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Lafd165

If you are considering an FHA loan, here are their guidelines with regard to bankruptcy

Chapter 7 – Allowed 24 mos after discharge if good credit has been re-established.  Less than 24 mos (but not less than 12) may be allowed provided the reason for the bankruptcy was due to extenuatingcircumstances, the borrower has exhibited the ability to manage their financial affairs, and the reason for the bankruptcy is not likely to recur.

Chapter 13 – Allowed after 12 mos of payout period as long as performance has been 
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March 28 2011
 

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