How soon can I g et an FHA loan after a 10/22/11 defaulted short sale?

If there were late payments you have two options. 1. 2 years after with 20% down or 2. FHA after 3 years with 3.5% down. If there were no late payments on your mortgage prior to the short sale then you can purchase right away (1 day out of short sale). If I can help you with anything please let me know. P: 888-320-7888 - ken@mortgagesforamerica.org - www.MortgagesforAmerica.org - Ken Burrows

If the loan that you defaulted/Short Sale on was a government loan such as USDA, VA or FHA then you will not be able to get cleared CAIVRS for 3 years. A lender must pull CAIVRS in order to the loan. You would then be looking at a 10/23/2014 purchase. If the loan was a conventional loan that you short saled than you should be fine now to purchase utilizing FHA so long as you meet all of the other requirements. Hope this was helpful! Good luck!

Hi, 3 years on government loans. Was it for a primary residence or investment property?

good question! But truthfully nobody can answer this without more information. Type of loan? Primary? Secondary? Investment? Hope to hear back from ya - Andrew

Thank you for the reply and I'm assuming its a Government loan and your question has been answered? Or was it a Conventional loan. If it was conventional then you can pretty much apply for a mortgage now depending on your current credit score and reestablished credit, assuming there are some compensating factors such as Assets. Also a strong letter of explanation showing underwriting what happened to cause the incident.Hope this helps.If you need to reach me, you can contact me via email Thanks.

Three years after the sort sale loan is paid off by FHA, not the date of the foreclosure sale.