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how to go from a commercial loan short sale to a VA home loan?

by jemturman946 from San Diego, California. Jul 3rd 2014 Reply


Steven Ceceri (123LoanYes)
#12 ranked lender in Rhode Island - 723 contributions

I'd be happy to answer you as best as possible, but I don't truly understand your question. If you would like to repost it here, please do and if not, you can certainly send me a direct message as you can find my full profile here on Lender411. Thank you very much!

Jul 4th 2014
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John Burke (jburke)
#27 ranked lender in Texas - 321 contributions

Hi Jemturman946, Does the commercial loan show up on your credit? How long ago was the short sale? If it doesn't show up on your credit you maybe eligible for a VA Mortgage right now UNLESS the commercial loan was government backed which would result in a CAIVRS hit. If it does show up on your credit & it was over 12 months ago, you maybe eligible for a VA loan as long as you've "re-established" your credit and the CL wasn't government backed.Please feel free to contact me for more information or help. John Burke | Senior Mortgage | Great Plains National Bank | http://www.valoansdoneright.com | (877)228-9069 | Lending in ALL 50 states |

Jul 14th 2014
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