Zillow Advice: Credit Scores - How soon after a short sale can I get a mortgage loan to purchase a house? http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ Zillow Advice | Zillow Real Estate VERY IMPORTANT - NEW FANNIE ... http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ VERY IMPORTANT - NEW FANNIE REGS AS OF 8-16-2014<br/><br/>https://www.fanniemae.com/content/guide/selling/b3/5.3/07.html#Deed-in-Lieu.20of.20Foreclosure.2C.20Preforeclosure.20Sale.2C.20and.20Charge-Off.20of.20a.20Mortgage.20Account<br/><br/>Makes a lot of sense. If it's extenuating circumstances, you can do 95LTV &nbsp;two years after a short sale. Just be ready to document everything IE loss of job or income, divorce, illness, etc Mon, 18 Aug 2014 12:32:00 GMT http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ 2014-08-18T12:32:00Z to verify what Jimmy was ... http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ to verify what Jimmy was saying in regard to VA loans - I actually have a letter from the VA that I submit when I'm doing VA pre-approvals. To paraphrase, it basically says that the VA does not consider a short sale derogatory as long as the rest of the credit history is in line&nbsp; Mon, 18 Aug 2014 03:59:00 GMT http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ 2014-08-18T03:59:00Z Sam, in my opinion, it would ... http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ Sam, in my opinion, it would benefit this and future posters if you would qualify your responses by saying something to the effect of, "I can't do this until", "The lenders I have available to me can" and so on.&nbsp; <br/><br/>The correct answer to this question about how soon this person in Royal Oak can get a loan after a short sale is one day.<br/><br/>I think it may also benefit you to read the other 45 previous posts here as well.&nbsp; You'll find a variety of answers and lending options that you may not have, but can learn do exist.&nbsp; Sun, 17 Aug 2014 17:16:00 GMT http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ 2014-08-17T17:16:00Z About 2 years. http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ About 2 years. Sat, 16 Aug 2014 23:12:00 GMT http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ 2014-08-16T23:12:00Z Hello,&nbsp;Thank you for ... http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ Hello,&nbsp;<br/><br/>Thank you for your service to our great country.&nbsp;<br/><br/>My name is Jimmy Vercellino and I am a USMC Vet and Mortgage Originator Specializing VA Loans.&nbsp;<br/><br/>To answer your question VA does not actually have a written policy regarding short sales so therefore it's up to the Lender to apply prudent underwriting practices to the loan to determine why it happened and most importantly, why it won't happen again.&nbsp;<br/><br/><em>[self promotion deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]<br/>&nbsp;</em><br/><br/>Semper Fidelis,&nbsp;<br/>Jimmy Vercellino&nbsp;<br/><br/>&nbsp;<br/><br/>&nbsp; Sat, 16 Aug 2014 22:31:00 GMT http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ 2014-08-16T22:31:00Z [Spam/Ad irrelevant content ... http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ <div><strong><em><u>[Spam/Ad irrelevant content removed by Zillow moderator. Profile does not have valid lender credentials to be advertising loan services or soliciting business. See our <a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a>.&nbsp;</u></em></strong></div> Thu, 19 Jun 2014 04:55:00 GMT http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ 2014-06-19T04:55:00Z [Spam deleted by Zillow due ... http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ <div>[Spam deleted by Zillow due to spam.&nbsp; See our&nbsp;<u><a style="text-align: right;" href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a></u>&nbsp;for more details.]</div> Wed, 11 Jun 2014 07:56:00 GMT http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ 2014-06-11T07:56:00Z You can buy a home two years ... http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ You can buy a home two years after short sale with a conventional loan and 20% down. If you wait three years you can buy with an FHA loan and only put 3.5% down.<br/><br/>Jared Leichliter<br/>[Hotlink removed by Zillow moderator. Please see our&nbsp;<u><a style="text-align: right;" href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a></u>.] Thu, 05 Jun 2014 18:33:00 GMT http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ 2014-06-05T18:33:00Z Yes, we have a program that ... http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ Yes, we have a program that would allow you to buy again right away with no waiting period. It's an exclusive portfolio program here. All you would need is 20% down and a 660 mid FICO. It's available in AZ, CA, CO, DC, FL, HI, IL, MD, MT, NV, NJ, NY, NC, OR, SC, VA, &amp; WA. Loan amounts up to $4 million. Good Luck! Craig Bosse Thu, 30 Jan 2014 23:50:00 GMT http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ 2014-01-30T23:50:00Z &nbsp;The Back to Work program ... http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ <p>&nbsp;The Back to Work program is a great program we do offer and it works for a small portion of Consumers who fit in that box. However it does not fit to the majority of consumers who have unfortunately had a Foreclosure, Short sale or Deed in Lieu.&nbsp;</p><br/><br/><p>Here is an Immediate Solid Solution for All Consumers that have had a Foreclosure, Short sale or Deed in Lieu, and Not resorting to using a hard money loan.<br/>Introducing the "2nd Chance Loan" (AKA Expanded Criteria Loan) that has already been&nbsp;a game changer for thousands of consumers.</p><p>-Highlights of the "2nd Chance Loan" :&nbsp;<br/>There is No Seasoning Period for someone who has had a Foreclosure, Short Sale or Deed in Lieu. They can purchase or refinance a primary residence Now with no waiting period.&nbsp;<br/>Prior Mortgage Late payments are Acceptable!&nbsp;<br/>620 Min FICo Score, 20% Down payment up to 1-Million Loan Amount.&nbsp;<br/>5 or 7 Year ARM Fully Amortized.</p><p>No interest only option on this program.<br/>No Prepayment Penalty.&nbsp;</p><br/><br/><p>Consumers who have lost their homes are now renters or living with family or friends and deserve a 2nd Chance to achieve again the pride of homeownership.&nbsp;This program has provided hope to consumers and has made a Positive for the economy and communities they live and work in.</p><br/><br/> Thu, 30 Jan 2014 17:02:00 GMT http://www.zillow.com/advice-thread/How-soon-after-a-short-sale-can-I-get-a-mortgage-loan-to-purchase-a-house/431515/ 2014-01-30T17:02:00Z