Comments on: How soon can you use a VA loan to purchase a home after a shortsale on an FHA loan?

By: Beverly S

Beverly S — Fri, 18 Dec 2009 08:06:13 +0000

3 years after the home was transferred out of your name. The government (HUD) lost money in the deal- they hold a default claim in their system for 3 years & VA or FHA will not issue the lender a case # until that comes off.

By: Real Estate Guy

Real Estate Guy — Fri, 18 Dec 2009 08:06:13 +0000

a shortsale is basically the sale as a FC. You will need to wait at LEAST 3 years, to 5 years.

Talk with a lender.

By: Kathy B

Kathy B — Fri, 18 Dec 2009 08:06:13 +0000

It takes 3 years after a short sale to qualify for a new loan. It does not matter if it is a VA, FHA or conventional loan.