Qualifying For A New Loan After A Short SaleI'm in CA although I don't think that makes a difference at all. My wife and I went through a short sale starting in 2009 and the sale was finally approved and recorded in 3/10. I understand that we can qualify for a FHA loan after 3 years. However, I have heard varying things when it comes to a conventional loan ranging from 2-7 years. I would like to go the conventional route if at all possible to prevent the need for PMI, assuming 20% down.However, I have heard that although the bank never took back possesion of our house that qualifying for a conventional will be tough because the desktop underwriter will not approve the loan because it lists the delinquency on my credit report, and it treats it just like a foreclosure, even though foreclosure is not mentioned anywhere on the report.The bank took almost 9 months to approve the short sale. From what I hear now if my short sale is treated the same as a foreclosure in terms of a FHA loan, it seems it may have made sense to let the home sell at a foreclosure sale and I could have already been past the 3 year window and could get a FHA loan today.Any advice or help is appreciated...November 18 2012 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.