We have a portfolio "2nd Chance" loan that allows you to buy again just one day after Short-Sale or Foreclosure. You can only have one on your credit and you will need a 20% down-payment and 660 mid FICO score. Late payments acceptable.
This loan is available in - AZ, CA, CO, DC, FL, HI, IL, MD, MT, NV, NJ, NY, NC, OR, SC, VA, and WA . Loan amounts up to $4 million +
MORE INFO - http://cbosse.banchomeloans.com/2014/02/20/how-to-get-a-jumb
I have a program that will allow you to buy a home 1 day after a short short or foreclosure in California!
There are minimum requirements you would need to meet.
I'd be happy to go over the program with you to see if this would meet your needs.
Please give me a call at 801.790.0895
The link below goes to a short video which explains the timelines required after bankruptcy, short sale and foreclosure events. It's all you need to know in less than 2 minutes, but if you have any further questions, just get in touch.
The answer to this question will depend not only on the short sale, but also the circumstances that led up to it. If you were late on your mortgage payments prior to the short sale, that can increase the length of time you'd need to wait. Part of this depends on the structure of the new loan you intend to take, and whether it will be an FHA loan, conventional or otherwise.
If you'd like to go over this in more detail, just let me know.