TheSoCalLoanPro.com with California's most Trusted Mortgage BrokerTheSoCalLoanPro.com with California's most Trusted Mortgage BrokerSouthern California a Home Loan Expert,  Teresa Tims at TheSoCalLoanPro.com with California’s most Trusted Mortgage Broker . Answering tough mortgage questions in Southern California since 1998.

The question is, “Teresa, how long do I have to wait to purchase a home after I’ve experienced a short sale?


How Long Do I Wait After A Short Sale?

How Long Do I Wait After A Short Sale To Buy A HomeA short sale is the closeout of a real estate property. For which the lender is eager to acknowledge not exactly the sum still owed on the mortgage or home loan.


For a sale to be viewed as a short sale, these two things must be valid:

  • The homeowner must is severely behind on mortgage payments.  So much so they cannot catch back up.
  • The home is upside down.  Meaning they owe more than the home is worth and cannot sell it.

Getting a Conventional Loan, FHA Loan and VA Loan After a Short Sale

Conventional loans, Fannie Mae and Freddie Mac, it’s going to be 4 years

FHA 3 years

VA two years. Isn’t VA nice, only two years!!

Sometimes if you have an extenuating circumstance, such as death or serious illness or injury the wait time can be shortened by a year.  This guideline is very strict and you would have to provide supporting documentation to justify the exception to the rule to the governing entity.

TheSoCalLoanPro.com with California's most Trusted Mortgage Brokercall tdr mortgage 9099203500For answers to questions like these and many more don’t hesitate to pick up the phone and call us at (909) 920-3500.

I’d love to hear from you. TDR home loan mortgage company is a trusted provider of home loan mortgage and home refinance. Offering quality home loan products, competitive pricing and knowledgeable assistance when helping clients select a home loan.