Buying A Home After A Short Sale

If you have had a short sale and prior to the short sale you were late on your paments, then you will need to wait 3 years before applying for a home mortgage loan.

What if you were not late on your mortgage payments prior to the short sale? Well this answer all depends upon the underwriter who is approving your loan and the investor who is buying your loan.  Some underwriters enforce the rule that if you are selling a home and buying a new home the distance between the homes needs to be at least 50 miles.  Than some of the large investors simply refuse to buy the loan at all.  Too  many people have taken advantage of the buy and bail situtation.

When considering your next loan, consider Arizona Wholesale Mortgage Inc. Experience does matter!   We’ve been in business since 1998. We are now serving the state of Arizona and New Mexico.

Happy Holidays from Arizona Wholesale Mortgage Inc.