For more information contact a reliable mortgage broker, they have acces to banks, private lenders and to many different financing programs.
Best of Luck,
Century 21 Tenace
You would need to wait for 3 years from the sale date of your Short Sale before you can qualify for an FHA mortgage - technically you would need to wait 4 years for conventional financing; however
you could always turn to a private bank to see if they can assist if you are short of these time frames but have re built your credit
Senior VP of Mortgage Lending
This is not conventional so most of my colleges on here will not talk about these options and some may even talk down about them because they either have not worked with a real estate investor or won't be open to new ideas. You can go out the next day and get into a house on a rent to own or lease option but you will need to have money to put down as a deposit and proof that you can afford to make the monthly payments. Then in 2 or 3 years when you are mortgage qualifiable you can get a new loan on the property. If you would like to know more or anything please feel free to contact me, however If not best of luck in your endeavors.
Solid Solutions Real Estate and Investments, Inc.
There are conditions of course...If you want to purchase in 2 years, then that would require a 20% down payment and a credit score of 720(not sure if this is conventional or FHA). If you want to purchase in 3 years, then I believe the down payment requirement can be less.
Check with an experienced mortgage professional for all of the details, but at least 2 years is the correct answer. If you need the contact information to an excellent mortgage professional or have more specific real estate questions, feel free to contact me for a confidential consultation.
Have a great week!