Profile picture for user3719377

i had a short sale 2 years and 6 months ago- my credit score is about 650. when can i buy again?

There are no extenuating circumstances for the shortsale.  We are so close to the 3 year mark, I was just wondering if FHA will consider with good credit and sufficient income.

  • October 15 2012 - Redlands
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (4)

There have been some new recent news regarding buying after a short sale.  Give me a call and I can give you a list of lenders who can give you an answer to your question.
  • November 27 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

Hi, I'm a broker located right in Redlands.  Please feel free to contact me at (909) 307-1008 and our team can assist you.  We have relationships with all the major lenders in town.
  • October 16 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

Profile picture for JPyszChicago
HERE is how it plays out. MOST lenders require 36 months after you did a short sale. There are plenty of exceptions though. With a large down payment (30%) and of course sufficient income there are also plenty of lenders who will finance you after 24 moths. Also, 24 months is a minimum time you have to wait. Another thing, you might try Credit Unions as they go by their own set of rules.  You can go with HARD MONEY lenders, however this might lead to a disaster so be very careful and do the math first. My advice - save up as much as you can for a down payment and then start shopping around. Start with a mortgage broker, they are usually SHARKS and will do everything possible to help you, as this is what they get their commission for. If they can`t do it , then you might have a problem. Also going directly with the bank DOES NOT MEAN you are getting a best rate. A broker is able to get you a lower rate. Hope this helps.
  • October 16 2012
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

Profile picture for Loft Living LA
You should be working closely with a lender. They are best to answer those questions as it will differ person to person.
  • October 15 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.