Bankruptcies and Previous Foreclosures
Chapter 7 and Chapter 11 Bankruptcy
Generally, bankruptcies discharge more than 2 years ago may be disregarded.
Chapter 13 Bankruptcy
The lender must document that the applicant has satisfactorily paid on the plan for a t least 12 months and obtain a letter stating that the Trustee or the Bankruptcy Judge approves of the new credit.
Foreclosures and Short Sales
You must wait 2 years from the completion date of the foreclosure to apply for a VA loan.