Can I qualify for a VA loan after a short sale on a conventional FHA fannie mae loan

I don't understand why so many people don't get this... A short-sale or foreclosure. Regardless of the reason, you just cost a lender a loss. Because of this, no new lender is going to overly interested in giving you a new loan right away. Loan programs vary, but VA regulations stipulate a two year waiting period following the short sale before a borrower can be considered for a new VA mortgage and during that waiting period, they will expect you to have a stellar credit profile. www.VA-IRRRL-Loan-MN.com

spot on Joe...

Agreed, currently VA requires 2 years from date the short sale is completed.

agree with Joe

Firstly , do you know if you can qualify for a new home and carry the debt on your existing home? Simple answer is no, not until a 2 year waiting period has elapsed. You might want to try and rent it out for a year, claim the rent, and don't claim a loss. This way it won't affect your debt to income or your credit and you should be able to qualify to buy a new home as long as the debt to income works. If after you buy your new home you want to try and sell then it won't matter! 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!You can check us out at www.BestMortgageOption.com

Joes answer is right on

Joe has given you the correct information..