Chapter 7 and Chapter 13 each have their own seasoning clock, and it varies sharply by program. Here's how soon you can buy in Colonie.
From discharge date, with re-established credit.
Of satisfactory payout, plus Trustee approval.
The longest standard-program wait.
Shorter, with a reduced max LTV if recent.
The Capital Region’s largest suburb and its retail hub, anchored by the Wolf Road corridor. Colonie draws steady demand for its convenient location, solid schools and mix of established mid-century neighborhoods and newer builds. A bankruptcy doesn't close the door on buying in Colonie — the wait is shorter than most people assume, especially with FHA or VA.
Full FHA, VA, Conventional, USDA, SONYMA, Non-QM, Jumbo, and Land Loan detail lives on the Buying After Bankruptcy page — here's the quick comparison.
| Program | Chapter 7 | Chapter 13 |
|---|---|---|
| FHA | 2 years | 1 year + Trustee approval |
| VA | 2 years (12-23mo w/ extenuating circumstances) | 1 year + Trustee approval |
| Conventional | 4 years | 2 years (4 if dismissed) |
| USDA | 3 years (case-by-case 12-36mo) | 12 payments + Trustee approval |
| SONYMA | 2 years | Manual UW, 43% DTI cap |
| Jumbo | 4-7 years | 4-7 years |