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
Johnson County Kansas Foreclosure Help 