Financing in Cloverdale>Question Details

anitahultin15, Home Owner in Cloverdale, CA

Short sale.can u get a refinance after 2 yrs? whch lenders will do it?

Asked by anitahultin15, Cloverdale, CA Sun Jul 15, 2012

Does anyone know how to get a refinance with a co-borrower who has short sale 2yrs and 2 months ago? I cant get a refinance myself

Help the community by answering this question:


You can refinance a home two years after short sale with a conventional loan if you have 20% equity.

Jared Leichliter
Mortgage Wholesale Network
0 votes Thank Flag Link Thu Jun 5, 2014
So much post spam... one line of helpful information, 20-25 lines of someone's contact info. I feel like I'm reading an ad.

This is an old post, anyone needing to short sale or with a past short sale should be contacting their loan officer immediately to find out what the CURRENT guidelines are. Answers that apply now didn't apply two years ago when this post was written.

If the original poster were to post again, the best suggestion would be to tell us the circumstances surrounding the short sale as well as when the loan we're discussing was originated to see if it's HARP eligible.
Web Reference:
0 votes Thank Flag Link Tue Apr 29, 2014
Your post assumes you have more than (Had) one property and loan. You lost one of your homes through a short sale and are trying to refinance the remaining? This is more difficult than a purchase. Espcially if you need a coborrower to refinance. I will assume you need a coborrower for either income or credit. Is that correct? If so, this is not easy to do and most lenders won't touch it. SOME lenders will allow you to add a coborrower but many won't. That adds another risk layer. Adding a borrower for purposes of qualifying where the primary borrower no longer qualifies.

Do you know if your loan is Fannie or Freddie? That could make refinancing easier with a relief refinance or a HARP loan. Neither are credit qualifying and neither care about past history, value or income if they were originated before May 31, 2009.
0 votes Thank Flag Link Wed Apr 16, 2014
Don't let a foreclosure stop you from buying a new home. See Comstock if you have a buyer in need. They have a flexible credit loan. This program assists homeowners who have recently been through a foreclosure, short sale or have recently emerged from bankruptcy.
0 votes Thank Flag Link Wed Apr 16, 2014
I should clarify...haven't been through any short sale on subject property ( I guess that would go without saying though...can't refinance a short sale).
Flag Wed Apr 16, 2014
Read the post. They aren't looking to buy a new home, they are looking to refinance, haven't been through a foreclosure, short sale or bankruptcy.
Flag Wed Apr 16, 2014
There is a site that will help you determine if you can qualify for a refinance after short sale, foreclosure, or filing bankruptcy. Check out
0 votes Thank Flag Link Sat Aug 10, 2013
3 years unless you have at least 20% equity and the lender receives a approve eligible when they run you file through desktop underwriting. Feel free to call us if you would like to try
Web Reference:
0 votes Thank Flag Link Sun Jul 15, 2012
If you have at least 20% equity in the subject property you may be able to do this depending on what, if any other issues there are with their qualifications. Conforming financing only requires 2 years from short sale at 80% LTV.

Please contact me for assistance.
Web Reference: http://WeFixRates.Com
0 votes Thank Flag Link Sun Jul 15, 2012
Find a Mortgage Broker right away for advice in your proposed zip code. You can search "Find a Pro" in the header of this website. From your friends at
0 votes Thank Flag Link Sun Jul 15, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer