Home Selling in Bridgeport>Question Details

Willie Johns…, Real Estate Pro in Mokena, IL

If you short sale your house,how long do you have to wait to get another loan .

Asked by Willie Johnson, Mokena, IL Wed Oct 10, 2012

Help the community by answering this question:


What kind of loan did you have before? If you have FHA, you need to wait two years minimum. If it was a conventional loan, the waiting period is three years.

Contact a reliable mortgage broker to explore your financial option.

Best of Luck,

Maria Cipollone

0 votes Thank Flag Link Fri Oct 19, 2012
3 years unless you can prove , that the short sale was done due to your financial hardship-2 years
0 votes Thank Flag Link Thu Oct 18, 2012
It is usually about 3 years. I highly suggest you speak with a lender so that they may review your current credit history as well.
0 votes Thank Flag Link Sat Oct 13, 2012
Based on current requirements, 2-4 years will be needed.
0 votes Thank Flag Link Wed Oct 10, 2012
This is a question you should ask a Financial Professional and Attorney in your area.
0 votes Thank Flag Link Wed Oct 10, 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