VA loan guidelines are more lenient compared to conventional loans when it comes to bankruptcy and foreclosure in an applicant’s history. If you filed for bankruptcy and it was discharged more than two years ago, you may be eligible for a VA loan. If your bankruptcy was related to a business you owned, you may be eligible for a VA loan after 12 months of discharging the bankruptcy. Likewise, a home foreclosure does not necessarily disqualify you from VA home loan eligibility. If you foreclosed on a home two or more years ago, it should not affect your ability to apply for a VA home loan.