I am a year and a half out of a short sale. I am looking for a loan to buy a house with 10-20% down.

conforming guidelines allow for a purchase after a short sale if 2 years have passed and your putting 20% or more down. FHA has a program that allows for a purchase after a short sale with no waiting period so long as there were no late payments and you are not taking advantage of the market.. the guidelines are very clear, but your better off dealing with a local mortgage broker who has experience in dealing with buyers with similar scenarios.. for this reason, I suggest you contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Triciakus, we are a bank with broker capabilities. Your situation sounds like a doable loan but would like to speak with you to clarify your situation. Please call me at 1972-960-2727. All the best, Bryant Anderson

conforming guidelines allow for a purchase after a short sale if 2 years have passed and your putting 20% or more down. FHA has a program that allows for a purchase after a short sale with no waiting period so long as there were no late payments and you are not taking advantage of the market.. the guidelines are very clear, but your better off dealing with a local mortgage broker who has experience in dealing with buyers with similar scenarios.. for this reason, I suggest you contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Most lenders treat short sales as foreclosures. I understand that there are many ways you could qualify for a new mortgage after a short sale, but most people had late payments before the short sale (it was the only way the bank would approve the short sale), or do not have the 20% down, for pete's sake you just had an issue causing a short sale 1 1/2 years ago. Your best programs available would be FHA or USDA Rural Development. They both require 3 years from a short sale or foreclosure. Call a Lender 411 professional in your area they will most likely confirm what I have suggested. Good Luck and make sure you keep your credit in good repair.

Most lenders treat a short sale the same as a foreclosure, so most likely have to wait 3 years. Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation ask for Michelle or Benny. We will find the Best Mortgage Option to suit your needs! Check us out at www.BestMortgageOption.comAsk us about the awesome discounts we offer heroes as a Homes for Heroes affiliate!

You'll basically need two years but the key is to get with a Lender411 loan officer now to discuss your situation and to start on some credit repair if that will be needed.

conforming guidelines allow for a purchase after a short sale if 2 years have passed and your putting 20%

If there were no late payments on the short sale I can help you right away. I just closed one in FL with no late payments about a year out. P: 888-320-7888 ken@mortgagesforamerica.org Let me know if I can help.