Most lenders will tell you that it has to be 3 years since your short sale. However, I have a small independent bank that I am working with and they will make loans to people much sooner than the 3-year timeframe. You have to show this particular bank that the financial issues that forced you into the short sale have been resolved. With a 20% downpayment and a credit score of 700, I am pretty confident that I can get you an approval to purchase a new home within the week. Give me a call (248-930-0198) and let's begin that process for you.
And for any other people out there who have been through a foreclosure or short sale and are now back on track, give me a call and let's see if we can get you into your new home now instead of 3-5 years from now. I have a bank that will do this for you if you meet their requirements.
Kathy Persha, Broker
GRI, SFR, CDPE, CIAS