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We had to Short Sale our house in July of last year

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cskow Joined: 13 Jul 2010 Posts: 1 1.00 Dollars($)	Posted: Tue Jul 13, 2010 8:55 am    Post subject: We had to Short Sale our house in July of last year Like 0 Dislike 0 We had to short sale our house in June of last year. With the house market dropping as it has, we are interested in buying another house. Our credit is in pretty good shape. How long will we have to wait to be eligible for another house? Also how long will we have to wait to be eligible for an FHA loan?
jameshogg Joined: 20 Dec 2005 Posts: 10148 Location: Nevada 941.94 Dollars($)	Posted: Tue Jul 13, 2010 11:53 pm    Post subject: Like 0 Dislike 0 Hi cskow, You'll have to wait for 2-3 years in order to get qualified for a mortgage after a short sale. Though your credit score is in a good shape you need to wait for the required time period to qualify for a FHA or a conventional home loan. Thanks

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