VA Loan Approval After Short Sale

Recently, we had the opportunity to help a veteran obtain a VA loan after being turned down by another lender.  These clients contacted and wanted to use their VA mortgage benefits less than 2 years after a short sale.  Previously, another lender turned them down. VA Home Loan Approval After a Short Sale Success Story The first order of business?  Dig DEEP into the reason behind the short sale.  What exactly caused the short sale? VA has no rule stating how long veterans must wait after a … [Read more...]

Home Loan Approval After Short Sale

When can I buy after a short sale?  This is a riddle all too many homeowners are trying to answer today.  In Arizona mortgage balance often exceeds home value putting many in a tough spot.  The majority of loan options available today come custom fit with guidelines that prohibit short sellers from buying right after their short sale.   There are exceptions.  Here is a success story about one of those exceptions. VA financing does not have an official guideline for buying after a short sale.  … [Read more...]