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

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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.


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