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can i get a preapproval on a loan one year after a short sale?

I sold my home in cocoa beach last May 2011. I would like to buy a home path home. I have little to no debt. Can i get preapproved?
  • June 04 2012 - Cocoa Beach
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Answers (2)

If your over 62 and you want to buy a primary home, you could after 12 months on a short sale from a conventional loan do a HECM HUD Reverse Mortgage on a Purchase. Your down payment would depend on your age and price of home, could vary between 30 and 50% down.
  • June 04 2012
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No. 2 years and 20% down needed for Fannie Mae.
  • June 04 2012
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