"We checked on what the laws were for purchasing after a short sale and learned that our credit had to be high enough if we wanted to do a conventional loan and that we had to wait two years from the.

Preforeclosure Sale (short sale), or Charge-Off of Mortgage Account 4 years 2 years 1 When both a bankruptcy and foreclosure are disclosed on the loan application, the lender may apply the bankruptcy waiting period if the lender obtains the appropriate documentation to verify that the mortgage loan in question was discharged in the bankruptcy.

Conventional loans after a short sale are a common choice at financing a home after having a short sale in the past. Getting a conventional loan after a short sale requires a waiting period of at least 2 years for most lenders.

By contrast, people who have completed short sales may be eligible for a new conventional loan within several. once the beta testing period is over. After that, it will depend on how fast mortgage.

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FHA requires a three-year wait after a short sale or foreclosure, however. Carrie warned that if they were to get a conventional loan, they would probably have to pay off the collection accounts first.

Purchasing Buying a home is one of the most exciting times in our lives. At Caliber Home Loans, Inc., we work hard to make sure you have a positive, fulfilling experience.

Short sale waiting periods depend upon the type of loan you seek.. mortgages are more forgiving than conventional home loan guidelines.

Threshold For Jumbo Loan The highest limit before a loan is considered jumbo in California is $625,500 in counties such as Los Angeles, Orange, San Francisco and Santa Barbara. Other locations, such as San Diego and.

 · Extenuating Circumstance to Buy After Short Sale, Foreclosure or BK By Brad Yzermans on January 20, 2012 in Mortgage Guidelines An allowable extenuating circumstance may allow you to qualify for an FHA, VA, USDA or Conventional mortgage much sooner to buy again after experiencing a short sale, foreclosure, or bankruptcy.

Conventional loan after a short sale. You will need to wait four years after a short sale to apply for a conforming loan, a loan backed by Fannie Mae or Freddie Mac. But if there are extenuating circumstances as to the reason you went through the short sale, you might be able to get a conforming loan two years after the short sale is complete.