www.imortgagelending.com >> USDA requires a 3 year waiting period. A short-sale is treated just like a foreclosure. Its based on the sale date of the property.
3 years from the date the home was taken out of your name which the lender verifies through a title report. .. 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
I do a lot of USDA loans in MN, SD, and WI. The required waiting period after a short sale to obtain a new USDA Rural Development loan is 3-years. In theory, it can be less if you meet very stringent extenuating circumstance rules. The sad reality is regardless of your reasons, no one offers the extenuating circumstance options - so a full three years will be required. www.MortgagesUnlimited.biz/USDA
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