how long does a veteran have to wait to use their VA benefit after they have experienced a short sale

VA requires a 2 year waiting period from the date the property was transferred out of your name, however FHA has a loan product where you can apply immediately... their guidelines have zero flexibility, such as no late payments on the short sold home, and no late payments on ANY obligation, etc.. but there is a product where you can apply right away... 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

VA is going to treat a short sale the same as a foreclosure and make you wait 24 months for the date the short sale closed escrow. However, if you were not late before the short sale, FHA will allow you to buy immediately. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

2 years from the date the property transferred.

2 yrs from when the home was out of your name... linda yourloanpartnerforlife@live.com was this a VA loan, and the reason for the short sale??

Based on what you see from the other comments I would be glad to help you with this loan. Give me a call and we can pin down timing, rates, etc.VA or FHA have great rates now and our office is active in your area so I look forward to helping you this week.Mark 302-449-7373

just like a foreclosure 2 years