How long do I have to wait after a short sale to buy a Johnson County Kansas Home?

Waiting Periods to buy after a Short Sale
 

One of the many questions we are asked quite often is, "When can I buy a home again after I complete a short sale" In Johnson County Kansas?  

If you are a potential home buyer in Johnson County Kansas the information below will give you a good idea of when you could be ready to be homeowner again.

Although there are many factors in determining your eligibility to purchase again after a short sale, the information below should help you get a clearer understanding of the differences of the minimum guidelines when you can buy if you sell your home via short sale vs foreclosure.

Fannie Mae Financing

Foreclosure  - 7 years from Completion date

Short Sale    - 2 years with max 80% LTV ratio

                     - 4 years with 90% LTV ratio

Freddie Mac Financing

Foreclosure  - 7 years from Completion date

                     - 4 to 7 years maximum 10% down

Short Sale    - 4 years from completion date

FHA Financing

Foreclosure  - 3 years from Completion date

Short Sale     - 3 years from Completion date (can be less under certain conditions)

VA Financing 

Foreclosure - 2 years from Discharge date

Short Sale    - no specific information available 

Jumbo Financing

Foreclosure - Based on specific investor guidelines

Short Sale    - Based on specific investor guidelines

Looking for more information on Johnson County Kansas Short Sale and Foreclosures? Visit our Johnson County Kansas Foreclosure and Short Sale website.