Hello, I had a short sale on a va loan, can I still get a new va loan?

Yes, but no.. part of your VA benefits gives you a maximum entitlement allowable.. if you had a foreclosure, then it depends on how much of your entitlement was used in purchasing that home.. There are formulas to determine how much entitlement you have remaining. If you contact a local mortgage broker, they will be able to look at your exact scenario and let you know if you can get financing or not.. VA does have mandatory waiting periods when it comes to foreclosure and short sales, so that has to be considered as well.. 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

It depends, were you late on your mortgage within 12 months prior to the short sale, when was your short sale and if you were late did it ever get to the point of them filing foreclosure? There are some other questions too, but to know for sure if you can get a VA loan again it's best to talk with a loan officer and go over this in depth. You can reach me at 303-521-7169 or loanofficerseanyoung@gmail.com anytime. Best wishes, Sean

The short answer yes you can, I am a veteran like yourself and have been specializing in VA lending since 1998, there are no mandatory waiting periods like one of my colleagues stated but there is a formula based on your new and previous loan as well as the payout if any that was made by the VA it is more complicated than can be easily explained in a post but if you'll take 10 minutes by phone I can work up your specific scenario and we can confirm your exact benefits.... Specializing in VA I am more educated than most on VA lending and can get things done for my fellow veterans when other lenders say no simply because they don't understand VA lending on such a deep level. Think about the difference between a nurse and a surgeon.... who would you want operating..... Ill look forward to your call..... and thank you for your service

Short are looked at like foreclosures because the loan was not paid back in full. You do have options to get a new loan as long as we qualify. Would be happy to help and discuss options. kay 720-670-0124, kay@kcmortgageclorado.com or you can go to my website: wwwkcmortgagecolorado.com

There are some good answers on here and I don't have much to add. That being said, the answer from "John Schweer" below demonstrates a high knowledge of the concerns I would look at on your loan application. Your loan will be complex and based on his answer, he will be able to increase your ability to be approved and complete a successful purchase. Good Luck.