Go Back To Search Results Question How long do I have to wait to get approved for a morgage? My credit score to date is 547 and My chapter 7 case was just discharged last month. I'm single and don't make alot of money. How long will I have to wait two buy a house? By armatlantic Posted on 07/07/08 Total Answers 1 Answers- Most likely, you won't get approved. Have you even done a mortgage calculator to see what you can even afford? You have a few factors going against you. 547 is a really low score. Your chapter 7 is fresh. You are single and don't make a lot. You need to establish better credit. Keep renting, pay your bills on time, don't open new accounts and don't close old ones that weren't closed by your bankruptcy. Don't apply for anything until you have a score of 680. Don't get secured debt credit cards, don't do anything. Don't pay for repair services, they don't work. Just pay your bills and give it time. It isn't what you want to hear, but it is sound advice. The mortgage crisis is going to last another year, so if it is low prices you are wanting, you have time. Answer by : KKup On Date 2008-07-07 18:11:37   Go Back To Search Results