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Sold home (FHA) 3 years ago. How long do I have to wait until I can get another FHA loan?

by yesenia637 from Mescalero, New Mexico. Mar 16th 2016 Reply


You can purchase today. 855-737-RATE

Mar 16th 2016
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Charlie Sparks (CharlieSparks)
#9 ranked lender in New Mexico - 393 contributions

Hello from Albuquerque! Great question as many are unaware that there is no wait period to get a new FHA loan after selling a home that also had an FHA loan. In addition to that, you could be eligible (if needed) for down payment assistance through the state of NM on a home you are looking to purchase now. Call or email me to see if you qualify.... I can do this at no charge. Just part of the service I offer. Thank you! Charlie Sparks, 505-350-3745 or csparks@pcmloan.com. NMLS# 195031

Mar 16th 2016
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

There is no waiting period so long as you didn't short sell the home.. If it was a short sale, then 3 years is the mandatory waiting period.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Mar 16th 2016
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Lorne Harvey (lorneharvey)
#1 ranked lender in Washington - 418 contributions

Charlie and William did a fine job answering this!

Mar 16th 2016
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,224 contributions

unless it was a "short sale" or similar problem, there is no waiting period at all.

Mar 16th 2016
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Jesse Stroup (jessestroup)
#195 ranked lender in California - 589 contributions

You should be good to go, there is no waiting period between fha loans. I hope this helps. Jesse Stroup | California Mortgage Professional | www.JesseStroup.com | NMLS# 6229

Mar 22nd 2016
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