Financing in Las Vegas>Question Details

Andrew Lunsf…, Real Estate Pro in Las Vegas, NV

Can a party who has a short-sale in the past 14months get a HELOC, on a primary residence they own outright? If so what % of equity can they borrow?

Asked by Andrew Lunsford, Las Vegas, NV Mon Feb 11, 2013

Help the community by answering this question:


To be able to qualify for a new loan, you will have to wait two years from the time of the short sale on your property. Three years for for foreclosure for owner occupied loans. If the short sale was completed without missing mortgage payments than you can qualify for am FHA loan immediately with 3.5% down payment and 96.5% loan to value.

Rena Levy
Licensed in U.S.A/Nevada and Israel

World-Wide Real Estate
"Bringing the world to you..."

Direct: 702-612-7099 U.S.A
Office: 702-992-7754 U.S.A
E-Fax: 888-433-4207 U.S.A
Israel: 03-911-9001 ישראל
Web Reference:
0 votes Thank Flag Link Mon Feb 11, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer