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I had a short sale in 2011 when can I qualify for a homme loan without anything down?

by edwardtcarter384 from Spotsylvania, Virginia. Apr 11th 2017 Reply


There are a few programs out there with 0 down options but there are other factors besides a short sale date that would determine your eligibilty. Would love to talk with you more about your situation. Call me at 804-677-8588. Lynn Bossi-Kinsel NMLS#259819 -Mason-McDuffie Mortgage.

Apr 11th 2017
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Barb Lanis (BarbLanis)
#71 ranked lender in Illinois - 662 contributions

You can qualify for a Conventional loan or FHA since you have passed the waiting period after a short sale. However, zero % down loans are pretty much impossible to find any more. You will need to have some sort of a down payment, whether it's your own savings or a gift from family. FHA has the lowest down payment of 3.5%. Some states have down payment assistance programs, but again, you will need to have some savings of your own.

Apr 12th 2017
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John Burke (jburke)
#1 ranked lender in Texas - 183 contributions

Hi Edwardcarter384,There are only 2 real no money down options these days, VA & USDA. VA requires 2 years from sale date to be eligible & USDA requires 3 years from the sale date so you would be eligible based on a sale date of 2011.Now the question is do you qualify for a VA or USDA loan?| Please feel free to contact me for more information or help. | John Burke | Senior Mortgage Banker | Great Plains National Bank http://www.valoansdoneright.com | (877)228-9069 | Lending in ALL 50 states

Apr 12th 2017
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