How many years out of short sale can i do a conventional mortgage?

With 20% down, a good credit score and at least 2 years since the short sale, we should be able to help you. Contact me to check your credit and other qualifications.

I'm happy to hear you've turned things around as so many are still struggling to recover. In addition to your financial situation, your credit needs to also be at an acceptable level and you'll need to note when your short sale actually closed and have documentation to confirm the closing as there are many instances that a credit report date shows the mortgage being paid off at a different time than what actually occurred. It appears that if your short sale did close out in 2011, you have 3 years or close to that for seasoning and that should allow you to consider most loan programs. as noted already, 20% down will eliminate Mortgage Insurance from most programs and also helps you have a better chance of getting approved for your loan request. I'd speak to a mortgage professional and get a full application processed and have your credit pulled so you can get pre-approved and review all loan options available to you. Try not to work with too many mortgage professionals at one time as you should limit your credit pulls to 1 or 2 if possible. Find a qualified professional and then stick to them, so this may take a bit of research on your part, but taking a little time to research who you want to work with will pay off in the end! Good Luck!

Hi Coranelson, You need to ACT NOW. The Fannie Mae guidelines for buying after a short sale are changing on August 15th, 2014. You can buy now with 20% down but after the 15th Fannie Mae will require a 4 year wait unless you have extenuating circumstances. Please feel free to contact me for more information or help. John Burke | Senior Mortgage | Great Plains National Bank | (877)228-9069 | Lending in ALL 50 states |

We will lend on a conventional loan 2 years after a short sale with 20% down, 4 years with 10% down.