How long do I have to wait after a short sale to buy a Johnson County Kansas Home?

Waiting Periods to buy after a Short Sale in Johnson County Kansas


One of the many questions we are asked quite often is, “When can I buy a home again after I complete a short sale” In Johnson County Kansas?

If you are a potential home buyer in Johnson County Kansas the information below will give you a good idea of when you could be ready to be homeowner again.

Although there are many factors in determining your eligibility to purchase again after a short sale, the information below should help you get a clearer understanding of the differences of the minimum guidelines when you can buy if you sell your home via short sale vs foreclosure.

Fannie Mae Financing

Foreclosure  – 7 years from Completion date

Short Sale- 2 years with max 80% LTV ratio

– 4 years with 90% LTV ratio

Freddie Mac Financing

Foreclosure  – 7 years from Completion date

– 4 to 7 years maximum 10% down

Short Sale – 4 years from completion date

FHA Financing

Foreclosure  – 3 years from Completion date

Short Sale  – 3 years from Completion date (can be less under certain conditions)

VA Financing

Foreclosure – 2 years from Discharge date

Short Sale – no specific information available

Jumbo Financing

Foreclosure – Based on specific investor guidelines

Short Sale – Based on specific investor guidelines


The Russell Home Team specializes in Johnson County Kansas Homes and Real Estate for sale. We are tech savvy realtors with over 10 years experience. Please join us on our Social Networking Network to stay up to date on Overland Park, Olathe, Leawood, Lenexa, Shawnee and all of Johnson Counties real estate news and more…

The Russell Home Team can be reached at 913-735-7104 or info@RussellHomeTeam.com or www.SearchjocoHomes.com

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