how long after a short sale to get a new mortgage?

Asked by Jpcok, Brooklyn, NY Sat Jun 9, 2012

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Patti Kane, Home Buyer, Boulder, CO
Sat May 11, 2013
I had a short sale last year and my Realtor recommend for a home loan. I am very happy to be able to purchase again.
0 votes
Bob Movin-On, , Hartford, CT
Sun Jun 10, 2012
Usually 2 to 3 years
We can help, You could be in another home in as little as 6 months
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Good Luck
Bob Patrick
Buy a home after foreclosure, short sale, deed-in-lieu-of or bankruptcy expert
Movin-On LLC
Helping families/people that have lost their homes get back into another in as little as 6 months

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Scott Godzyk, Agent, Manchester, NH
Sat Jun 9, 2012
It will completely depend on how your short sale is reported on your credit and if you were behind on your mortgage. You can negotiate how they report your short sale. your best bet is to neet with a local and trusted loan officer who can prequailify you and guide you to getting a new mortgage. Only they can answer your question after looking at your credit and financials.
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Anna M Brocco, Agent, Williston Park, NY
Sat Jun 9, 2012
The lenght of time will depend on the type of loan you are trying for, the circumstances that led you to the path, current credit, debt, etc.; generally it can take anywhere from two to seven years; however for a personalized answer, do visit with any licensed loan officer....
0 votes
Martina Ryan, Agent, Bayside, NY
Sat Jun 9, 2012
Usually 2 to 3 years if you you do not abuse your credit score.
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Suzanne MacD…, Agent, Succasunna, NJ
Sat Jun 9, 2012
Depends, did you keep the payments current? The real hit to your credit score comes not so much from short selling but from missing payments. If you kept the payments current, and all your other accounts as well, you may be able to buy sooner than two years. Talk to a local mortgage banker and see what they say. I don't mean one of the big banks, but someone who is local and who specializes in writing mortgages. If you need help locating a mortgage banker, let me know, I may be able to point you in the right direction.
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Ron Thomas, Agent, Fresno, CA
Sat Jun 9, 2012
It's looking like 2 years,
and the good Lenders sound like they're going to stick to it.
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