Cons Of Fha Loan

How to Refinance a House After Bankruptcy | Home Guides | SF Gate – Wait Up To Four Years After Chapter 7 Bankruptcy. Federal Housing Administration lenders are more lenient, but you still have to wait two years before applying for an FHA-backed loan. An elapsed period of two years and one year for conventional and FHA loans respectively may be acceptable if you can show that the bankruptcy was caused by a one-time financial hardship that was beyond your control.