When buying a house, it is often wise to wait the two years to rebuild your credit and save for a down payment. Lenders do not usually take bankruptcies into consideration as long as you have waited for at least two years after your bankruptcy discharge to apply for a loan. Not all lenders operate that way, there are some lenders who may finance a mortgage in as little as one day after your bankruptcy discharge. However, the interest rates offered by those lenders are generally significantly higher than the rate you could obtain after rebuilding your credit and saving for two years. It is very important to work on rebuilding your credit after filing for bankruptcy.