Are you two years from the date of the sale? Was there any unpaid balance? Give us a call at 800 315 8803, we would be happy to answer your VA loan questions. Thanks! Jamie Lynne - Lending Since 1989
If there were no 30 day late payments 12 months prior to the short sale then there is no waiting period. If you did have 30 day late payments, then you have to wait two years from the sale date.
Dear M Shockey,Generally a short sale is viewed by many lenders as a foreclosure event and you would have to wait two years of last activity. You may be able to do something sooner with a couple of different programs, but you would have to have no late payments on anything since. I am next door in Lewisville. Call or email me with anything else I can help with. We appreciate the opportunity to be of service and hope you get what you need for your family.Brad Cahoone - NMLS ID 184176 - Global Home Finance Inc. - NMLS ID 316441 - Phone: 972-724-3222 ext 227 - bcahoone@globalhomefinanceinc.com
Generally speaking, buying with a new VA loan will require a 2-year wait. You will hear all sorts of "if this situation occurred", or maybe that situation, then no waiting period for VA... but realistically, I've tried that more times than I want to remember, and it never works. Figure you'll need to wait the full two-years. www.VA-IRRRL-Loan-MN.com
VA requires that you wait 2 years from the date of liquidation (when the property actually sold), and if you owed any more monies from the sale, then we would need to wait from that date. I've been doing VA loans since I got in the business 14 years ago, and would appreciate the opportunity to assist you. Mary Papageorge 713-569-0025 - thanks! Mary
VA requires 2 years, however most lenders have additional overlays that say you need to wait 3 year.. regardless of where you are in the timeline, you should contact a local mortgage broker and let him look at your complete profile, since there could be other obstacles that need to be dealt with. Once he see's the complete picture, he can guide you in the right direction to a future mortgage approval. .. 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
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