Several of my Scottsdale mortgage clients who have had a Short Sale in Scottsdale have asked me when they can get back into the buyer pool again. Getting a mortgage after a short sale in Scottsdale differs depending on the type of financing a buyer wants to use. For Conventional Loans in Scottsdale with 20% Down Payment a Buyer has to wait 2 years from Short Sale date. With 10% Down Payment a buyer has to wait 4 years from Short Sale in Scottsdale. Using FHA Financing in Scottsdale a buyer must wait 3 years from Short Sale date. With VA financing it will be 2 years and USDA financing will be 3 years from Short Sale date.
If you meet any of these qualifications, contact me for a private consultation.
Ingrid Quinn (MLO 0912164; NMLS ID #211652)
Arizona Mortgage Banker License #BK-0909801
CobaltMortgage | Senior Mortgage Banker
11255 Kirkland Way, Suite 100
Kirkland, WA 98033
Office: (480) 747-6110
Direct: (480) 747-6106
Cell: (480) 430-5193
Fax: (877) 475-7237
Ingrid.Quinn@cobaltmortgage.com | www.cobaltmortgage.com/ingridquinn
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