If you have filed for bankruptcy in the past, you can qualify for a VA home loan, but there is a waiting period before you can do so. If you have filed for a chapter 7 bankruptcy, the waiting period is 2 years from the discharge date before you can obtain VA loan financing. For a chapter 13 bankruptcy, the waiting period is 1 year from the recorded date of the bankruptcy before you can obtain VA loan financing.

There are a couple important things that you will want to make sure to keep a priority to show the lender that you are committed to not making the same mistakes again. That is, making sure you pay each and every bill on time as well as working on your credit score. This will help with your interest rate and to keep the process of your loan going smoothly.