HARP 2.0 after short sale

It's true. I had same issue on another loan and it is in Fannie guideline but not necessarily in Harp 2 guides.

Fannie Mae does have a waiting period for a short sale or Preforeclosure Sale (terms used by Fannie). These are found in the Fannie Mae guidelines.Waiting period is 2 years for a maximum of 80% loan to value, 4 years for 90% loan to value and 7 years 90% + loan to value.

Well... the answer is yes and no... it's true that for a HARP 2.0 refinance loan you will not find anywhere stating that a foreclosure or short sale makes you ineligible.. Fannie Mae is very specific on this though and there is a waiting period.. But here's the kicker.. we have a lender that says if we receive an "Approved Eligible" from DU, then they will do the loan... so if you have high credit scores, and sufficient reserves, it's possible you would be accepted. Also note that DU had some major updates about 2 weeks ago.. a lot of borrowers were being turned down, and Fannie Mae did some updating to DU which opened up the approvals quite a bit.. If it's been longer than 2 weeks ago since your broker submitted your file, you might want him to try again... Also, because the HARP 2.0 expires December 31, 2013, you have more than a year and a half to get your score up. 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. 480-287-5714 WilliamAcres.com