FHA and Bankruptcy

Let's revisit the following question: Can I obtain a FHA loan if I am less than two years out of a bankruptcy (Chapter 7). Most often, the answer is, "No." However, remember that every file stands on its own merits. FHA considers circumstances that are beyond the applicant's control (such as the death of the principal wage earner or serious long-term uninsured illness, etc.). As I have said before, you never know until you ask your lender.