Zillow Advice: Refinance - My short sale was July of 2010 http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ Zillow Advice | Zillow Real Estate I agree with some comments ... http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ I agree with some comments above, it is good to talk to a qualified lender in your local area. &nbsp;That being said, I had a customer purchase a home 3 years and 2 months after her short sale, so I know it can be done after the three years. &nbsp;However, she had 20% to put down on the new place, so that might make a significant difference.<br/><br/>Best of luck to you. Sat, 26 Oct 2013 11:53:00 GMT http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ 2013-10-26T11:53:00Z Do you have 20% equity in ... http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ <p>Do you have 20% equity in your home?&nbsp; Specifically ask your lender if they manually underwrite these due to the short sale.&nbsp; If you need any help or have any questions feel free to contact me via my profile in this site.</p> Sat, 26 Oct 2013 11:38:00 GMT http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ 2013-10-26T11:38:00Z The easiest way to know for ... http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ The easiest way to know for sure is to talk with a lender, then with a Realtor.&nbsp; Thu, 24 Oct 2013 15:14:00 GMT http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ 2013-10-24T15:14:00Z [Promotion and hotlink deleted ... http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ [Promotion and hotlink deleted by Zillow moderator. Please see our&nbsp;<a style="text-align: right;" href="http://www.zillow.com/howto/GoodNeighborPolicy.htm" title="Good Neighbor Policy" rel="nofollow">Good Neighbor Policy</a>&nbsp;for information.] Thu, 24 Oct 2013 15:09:00 GMT http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ 2013-10-24T15:09:00Z You haven't listed the loan ... http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ You haven't listed the loan amount or property value so we don't know what percentage of equity you have at this time.&nbsp;&nbsp; If you have 20% equity, then Fannie Mae financing for refinance to pay off the loan to him would be a good option for you, this is available with only 2 years elapsed from short sale.<br/><br/>If the equity is less than 20%, you will have to wait for&nbsp;3 years to pass from the short sale event (assuming you were delinquent prior to short sale) and then you can apply for FHA financing (far less favorable terms with hefty mortgage insurance).<br/><br/>If you wait 4 years from the short sale event, then Fannie Mae financing becomes available with only 10% equity on the refinance.&nbsp;&nbsp; Wed, 23 Oct 2013 22:54:00 GMT http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ 2013-10-23T22:54:00Z Yes it is in our name. http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ Yes it is in our name. Wed, 23 Oct 2013 21:12:00 GMT http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ 2013-10-23T21:12:00Z Hi Mark,You should have some ... http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ Hi Mark,<br/><br/>You should have some options looking at an FHA mortgage depending on when the home in the short sale was sold.&nbsp; There are also some conventional loans which allow 2 years after SS with adequate credit and 20% equity.<br/><br/>As far as the down payment concern, you should look into a gift of equity transaction, where your father in law will be gifting you the equity in the home to act as the down payment for the purchase.<br/><br/>Feel free to contact me via my profile if you have any questions.<br/><br/>Best,<br/><br/>Bryan Wed, 23 Oct 2013 21:11:00 GMT http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ 2013-10-23T21:11:00Z Are you on the title of the ... http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ Are you on the title of the house, or is it in his name only? Wed, 23 Oct 2013 21:09:00 GMT http://www.zillow.com/advice-thread/My-short-sale-was-July-of-2010/516435/ 2013-10-23T21:09:00Z