Had short sell November 2012. How long til we can apply again

Typically 2 years with 20% down for a conventional mortgage

The typical waiting time is two years.

Usually 2-3 years depending on the lender unless you were current on that mortgage payment for 12 months prior to the short sale - then we might be able to work around it now.

- and depending on the type of mortgage you are applying for to purchase a new home.

Answers below are generally true. However, if you meet certain criteria we offer a program that allows you to finance 12 months after a short sale. The criteria is a little too personal and detailed to go into on a forum such as this however. Ask your lender if they are utilizing this program or not.I'm available to help you at your convenience if you wish.I can do a full underwriting approval ahead of time if need be and I also offer credit score improvement programs for free while we work on your mortgage. Everyone likes to raise their score!If you like my answer, consider clicking on a "Thumbs Up" or "Best Answer"Regards,Robert L. HansonGladewater National BankFirst Time Homebuyer SpecialistDirect: 240-752-7549 Cell: 301-651-7822Email: robertlh66@verizon.netNMLS# 695929Rate quote or live chat with me at the link below:http://www.loansfromrob.com/quote/

Depending on your scenario, there are several programs.. one allows you to purchase immediately, one has you waiting 12 months, and the other program makes you wait 2 years with 20% down, and the other program has a 3 year waiting period, but understand that each program has varying guidelines that need to be meet.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

For FHA and VA if you were current on your mortgage payment at the time of the short sale and your previous 12 payments were made within the month due (no 30 day or greater late payments) and the proceeds from the short sale serve as payment in full there is no waiting period. If not, then FHA will require 2 to 3 years, VA will require 2 years and conventional will require 2 years with 20% down, 4 years with 10% down and 7 years with anything less than 10% down. Hope that helps. Best wishes, Sean