It is amazing how quickly you can be back on your feet after a prior short sale and approved for a VA home loan to purchase a new home in California. We only require one year after a short sale is completed to apply for a VA home loan in California.
The key date to look at to start counting out a year after the short sale, is the date when the deed to the property that was short sold transferred out of your name. It is 12 months past this date that you can close on a new VA home loan in California. Don’t hesitate to contact me if you would like us to research this date for you. We are unique as a mortgage company in that we only need one year to pass after the short sale to get you approved for a new loan. Most lenders require at least two years to pass.
You want to make sure your credit report has no derogatory items after the short sale or this will hurt your chances of getting approved for a VA loan one year after the short sale.
I hope this is great news for you to hear that you can be back in the market looking for a home to buy with a VA home loan only one year after a short sale. Don’t hesitate to call 858-922-7899 or email me at email@example.com if you have any questions regarding VA home loans in California.