With the rise of Bankruptcies in our nation as a result of the recent financial upheaval many are wondering if they will qualify for an FHA Home loan with a recent bankruptcy on their credit report and in county records. Others may be seeking other types of conventional financing. In either case they would like to know how a past bankruptcy will affect their ability to obtain a mortgage. The matter gets a little more complicated since a Chapter 7 and a Chapter 13 will bring to bear different qualifying guidelines depending on which loan program the borrower is seeking. Learn how a Bankruptcy will affect your ability to get a home loan.