VA does not have any restrictions in regards to short-sales. On the VA Lenders webpage you can find the Lenderâ€™s Handbook that will have all the program guidelines.
You always have to check with investorâ€™s for overlays, but most of the overlays have to do with refinance guidelines and High Balance loans. But, I think the problem may be with the credit report and job stability.
Do you know your credit score? I am licensed and local in MD. Ohio is not one of my states. Hope this helps please let me know if you need more.
I believe this can be done, yes. Of course I would have to have all the documents and analyze the whole picture. I am located in Maryland and routinely lend in Ohio as well so I could cover both of those potential options if necessary.
I am available to help you at your convenience if you wish.
I also offer credit score improvement programs for free while we work on your mortgage.
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Robert L. Hanson
Gladewater National Bank
First Time Homebuyer Specialist
Direct: 240-752-7549 Cell: 301-651-7822
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1. If I short sale my primary residence, am I be able to buy another house to where I work? And if so, can I still use my VA certificate once the the primary resident short sale already?
2. And how long do I have to wait to buy another home thru VA loan.
I would be happy to help you with your VA mortgage.
Please feel free to conatct me to discuss.
Senior Mortgage Banker
I would be more than happy to look at your current situation and gather all the fact to see if I can get you approved. My office is in Maryland and have a underwriter in my office. Therefore once I gather all the facts I can review the case with him to make sure everything would run smooth for you. As long as you had no lates and you had a legitimate case for the short sale I dont see a problem. VA is usually easier with short sales and extenuating circumstances.