I sold my home as a short sale and wonder when I can buy again?

There are many variables that will impact the time frame in which you can attempt to apply for a new home loan and the home loan product. It may be as long as 7 years, but could be as soon as now. For both FHA and VA home loans, there is NO WAITING PERIOD if...you had no late payments on any mortgages and consumer debts withing the 12 month period preceding the short sale AND you are not taking advantage of the declining market conditions. If this applies to you, contact a local HUD approved lender to help you through the next step. Happy Pazkis Day!

Well, that will depend on the kind of mortgage you had, and if there was a "deficiency" balance. It could be 2 years, more likely 3 years. Here's a charthttp://ncfhaexpert.com/fha/fha-and-va-mortgage-loan-guidelines-waiting-periods/

VA loans are 2 year waiting period, FHA is 3 years, USDA is 3 years, and conventioal financing is 2 years with 10% down payment, and 7 years with less than 10% down payment.. your credit score will still have to meet minimum levels so it's important to maintain good credit with the rest of your obligations.. WilliamAcres.com

For VA, the waiting period is two years and for FHA it is three years. For conventional loans, it can range from 2 - 7 years depending on credit and down payment. Best advice is to make sure you get and keep your credit as stellar as possible so that when your penalty period is up, you are well situated to buy again. By the way, the start date is the day the Foreclosure deed was recorded with the local public records office. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com