Zillow Advice: FHA and VA Loans - Waiting Peroid Changed http://www.zillow.com/advice-thread/Waiting-Peroid-Changed/512016/ Zillow Advice | Zillow Real Estate Hi Al,The FHA rules did change ... http://www.zillow.com/advice-thread/Waiting-Peroid-Changed/512016/ Hi Al,<br/><br/>The FHA rules did change but there are very specific guidelines that would allow you to purchase again. <em>[self promotion deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]</em><br/>Thanks,<br/>Craig Bosse Tue, 10 Dec 2013 01:41:00 GMT http://www.zillow.com/advice-thread/Waiting-Peroid-Changed/512016/ 2013-12-10T01:41:00Z Hi al&nbsp;&nbsp;fha loan ... http://www.zillow.com/advice-thread/Waiting-Peroid-Changed/512016/ Hi al&nbsp;<br/>&nbsp;fha loan rules are same but it has been extenuating circumstance they are allowing purchase option 1 years. please call me may be i can help you .&nbsp; Sat, 26 Oct 2013 07:48:00 GMT http://www.zillow.com/advice-thread/Waiting-Peroid-Changed/512016/ 2013-10-26T07:48:00Z You can obtain a conventional ... http://www.zillow.com/advice-thread/Waiting-Peroid-Changed/512016/ You can obtain a conventional mortgage just 2 years after a short sale and FHA is still 3 years. Fri, 20 Sep 2013 02:16:00 GMT http://www.zillow.com/advice-thread/Waiting-Peroid-Changed/512016/ 2013-09-20T02:16:00Z Lenders relaxed the time ... http://www.zillow.com/advice-thread/Waiting-Peroid-Changed/512016/ Lenders relaxed the time frame a bit because they want to make loans and realized that there was a vast pool of potential buyers who had short sales. We are sorry you went through such experiences when selling your home the first time. This is a unique business sometimes. My partner and mother has been a broker in California since 1976 so she says she understands exactly what you are saying about your experiences. There is something about short sales and foreclosures that brings out poor manners in many people who view a home, whether investor, buyer or agent. &nbsp;If you can buy your home back at a good price and feel that is what you would like to do, speak with a reputable lender and see if you can get a preapproval. The rules are more stringent now but the short sale forgiveness period has shortened.. You won't know until you try. Good luck. Thu, 19 Sep 2013 18:31:00 GMT http://www.zillow.com/advice-thread/Waiting-Peroid-Changed/512016/ 2013-09-19T18:31:00Z I am not sure what question ... http://www.zillow.com/advice-thread/Waiting-Peroid-Changed/512016/ I am not sure what question you are entirely asking but the reason why the FHA loans are able to be given to people after 1 year now is because there was a change in the FHA guidelines. Thu, 19 Sep 2013 18:30:00 GMT http://www.zillow.com/advice-thread/Waiting-Peroid-Changed/512016/ 2013-09-19T18:30:00Z FHA guidelines changed about ... http://www.zillow.com/advice-thread/Waiting-Peroid-Changed/512016/ FHA guidelines changed about 1 month ago.&nbsp; If you can verify your short sale was the result of 20% or greater loss of income and also can show that you have reestablished timely credit performance over the last 12 months, you would be eligible for the new FHA guidelines.&nbsp; <br/><br/>The guidelines also require that you complete HUD approved housing counseling 30 days before you apply for this program, so if you think you might fit, you would have to do the counseling first and then apply next month.&nbsp; Thu, 19 Sep 2013 18:27:00 GMT http://www.zillow.com/advice-thread/Waiting-Peroid-Changed/512016/ 2013-09-19T18:27:00Z