Profile picture for happy2

For Short Sale to go through 2 years ago, I had to hold 2 months mortgage payment.

No late payments prior to that. When can I buy again? My current Fico is 640.
  • June 04 2012 - US
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Answers (2)

Typically, 3 years and possibly 4 for others. I have seen a few go through at 2 years however those are rare now. You should focus on getting your score up and then try. Be sure to speak with a good lender that does loans with past credit history issues. See how many they've done with a 640 credit score. FHA is probably your best bet.
Good Luck and be persistent. You'll obtain the American Dream again. Don't let anyone stop you. It's a systematic process at times. Take it step by step to cure any outstanding issues.
Also make sure you received the complete release of liability on your short-sale.
BH
  • June 04 2012
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Profile picture for Ofe Polack
This is the type of question that only a lender who looks at your full financial profile can answer.  Good luck!
  • June 04 2012
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