FHA Says "Yes" to Purchase Immediately After Short Sale in Loudoun County!
This week I had an exciting conversation with one of my most trusted lending partners. I almost could not believe my ears when he shared with me that so long as a homeowner is current on their mortgage (Principal, Interest, Taxes and Insurance) AND any applicable HOA or Condo dues...a qualified "short sale" seller can immediately apply for an FHA loan to transition to a new home!
Of course real estate will always be a localized discipline, so lending rules and lender capabilities will vary from one geography and lender to the next. Please check with a local real estate or lending professional who specializes in FHA loans to see if you qualify to sell as a short sale - and would be able to purchase under FHA guidelines.
If you live in the Northern Virginia (Arlington, Fairfax, Loudoun and Prince William Counties), and are experiencing a hardship where your mortgage has become overwhelming for your family, but would still like to remain a homeowner with a more manageable monthly payment - contact Lisa to confidentially discuss your options - or call 703-635-0388 to reach me immediately.
To speak with a knowledgeable lender, contact Andrew Siddon at George Mason Mortgage:
Andrew W. Siddon, SVP & Branch Manager
George Mason Mortgage
703-802-5350 - Direct Line
703-980-9815 - Cell