If you have a bankruptcy in the past, it’s not as bad as you might think. When it comes to VA financing, you need just two years since the discharge of your Chapter 7 bankruptcy before applying for your VA loan. (Conventional loans typically require 4 or more years, so VA is pretty lenient.) The important thing to keep in mind is that you also have to have a clean track record since the bankruptcy. No late payments, no past due balances, and no collections. You also have to show that you have re-established credit since the ...