I had a short sale last November. Can I get a loan this soon? Residential or Commercial wanted.

Commercial lending guidelines vary from lender to lender, so it's very possible... however for residential conforming loans, there are mandatory waiting periods, and it really depends on that loan scenario. If it were your primary residence, not investment or 2nd home, and if there were no late payments, and you had extenuating circumstance associated with the short sale, then it's possible there's a loan product out there for you, but only if you're looking to purchase a primary residence.. really, we would need more info to properly advise you, so the best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet 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

Were there any late payments?

If it turns out that you missed payments (went late) in order to get the shortsale approved, you are likely looking at two years at a minimum, and likely three before you become eligible. If the account never went delinquent, and you have extenuating circumstance, it may be possible. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

Commercial lending for the most part is non insured.. So the commercial lender with the funds makes their own rules... late payments and low scores are often approved, because commercial loans are based on loan to value, and debt service ratio.. So on a solid commercial income generating property, if you put enough down, you will probably get financing.. If your thinking you can use commercial financing to purchase a home to live in, it's probably not going to happen.. You might be confusing commercial lending with hard money lending, but both don't like owner occupied properties.. the government rules and regulations are different for a primary residence vs. an investment or commercial property... often times, someone with credit problems will tell a hard money lender or commercial lender that the property will be an investment, only to move in once the funding comes in, but this would make your loan subject to acceleration. 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