how soon after short sale can I purchase a new home?

So long as you kept your payments current through the short-sale process, you can obtain an FHA loan immediately after the sale. There are a few items that need to be met such as; - Credit Score (typically 640 Minimum with some exceptions allowed) - No Late payments through short sale (on anything reporting) - Not being done to take advantage of current market *Short selling home for $150,000 and buying at $250,000 According to your question, it sounds like you may be eligible to buy a new home now. Feel free to email me any additional questions you may have at info@wjbonline.com

The million dollar question...lenders are typically throwing shorts into the foreclosure bucket....with some very few exceptions...Fannie's guideline is now 7 yrs...FHA is 24 months....hope this helps...

Fernando is correct with his answer. If you follow the guidelines he laid out (no late payments thru sale, 640+ credit score, etc.), you could be able to buy now.