How long do I have to wait to buy after a short sale?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
After a short sale, conventional loans require four years, FHA three years, and VA two years before you can buy again. Documented extenuating circumstances can shorten the FHA and conventional waits.
The clock runs from the short sale completion date. We'll pin down your exact eligibility date and help rebuild credit in the meantime so you're ready with a strong file.
Short sale waiting periods
A short sale carries lighter waits than a foreclosure. FHA usually wants three years. Conventional ranges from two to four years depending on your down payment.
The sale completion date starts the clock. Documenting it clearly can shorten the path to approval.
Buying again in Florida
Florida saw many short sales, and most of those owners buy again. Clean credit since the sale is the key. Steady payments rebuild your standing.
We pinpoint your eligibility date. Bring the closing documents and we will map your fastest route back to ownership.