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

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Maria Cipollone’s answer
Maria Cipoll…, Agent, Coral Springs, FL
Fri Oct 19, 2012
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
Greg Zajdel, Agent, Arlington Heights, IL
Thu Oct 18, 2012
3 years unless you can prove , that the short sale was done due to your financial hardship-2 years
0 votes
Laura Karamb…, Agent, Downers Grove, IL
Sat Oct 13, 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
Bill J Delig…, Agent, Naperville, IL
Wed Oct 10, 2012
Based on current requirements, 2-4 years will be needed.
0 votes
Jon and Donna…, Agent, Middleton, WI
Wed Oct 10, 2012
This is a question you should ask a Financial Professional and Attorney in your area.
0 votes
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