Buyer With A Prior Short Sale - Here are the waiting times

Mortgage and Lending with Bay to Bay Lending, LLC NMLS 343112

A very high percentage of Florida homeowners short sold a home in the past 5 years.

A common question I often get is far removed from a short sale does someone have to be in order to quaify for home financing???

Here are some guidelines that can hopfully help buyer's agents qualify their buyers.

Conventional - 2 Years if you are putting 20% down - 4 Years between 80% and 90% Loan to Value, and 7 Years above 90% loan to value - or less than 10% dowm

FHA - 3 Years removed

USDA - 3 years removed

VA - 2 Years removed


If you need more information on these guidelines Tony Marra can be reached at 813-842-7999 or Also visit ... I specialize in purchase transactions with more than a decade experience - we  offer Conventional, FHA, USDA, VA - have access to Down Payment Assistance Funds, Private Money, Sub-Prime and close loans faster than anyone



Comments (1)

Mitch Muller - Charlotte NC Real Estate
ProStead Realty Charlotte, NC CRS SRES - Charlotte, NC
Certified Residential Specialist

This is good information to know Tony. Thanks for sharing!

Dec 13, 2013 06:09 AM