The minimum wait period and down payment requirements to get a conventional home loan after a short sale are: Two-year wait with a 20 percent down payment. Four-year wait with a 10 percent down.

 · Foreclosure Versus Deed In Lieu And Short Sale On Conventional Loans. With Fannie Mae, there is a 7 year waiting period after foreclosure to qualify for a conventional loan. However, to qualify for a conventional loan after short sale or deed in lieu of foreclosure, the waiting period drops to a 4 year waiting period. Perhaps the easiest loan.

Conforming Loan Limits By County Conforming Loan Down Payment Conventional home mortgages require down payments of anywhere from 3 to 20 percent of the purchase price. The minimum down payment requirement is contingent on the home loan amount and the.the maximum loan limit rose in all but 87 counties (or county equivalents) in the country. A list of the 2017 maximum conforming loan limits for all counties and county-equivalent areas in the country.

It is now possible to get a Jumbo Loan immediately after a Short-Sale or Foreclosure. There are many people that don’t think they can qualify for a Jumbo Mortgage because they have a recent Short-Sale, Foreclosure or Bankruptcy.They have been turned down by other lenders time and time again, and thought they have exhausted all chances of getting another Jumbo Loan.

Government Insured Mortgage . 1980s to allow seniors to stay in their homes without the burden of a monthly mortgage payment. Since then, more than 1 million seniors have obtained government-insured reverse mortgages to help.

Conforming loan after a short sale. waiting periods for a Fannie Mae or Freddie Mac mortgage vary depending on circumstances. Homebuyers. Borrowers can get a mortgage after a short sale or foreclosure using various mortgage programs in today’s market.

Non Conforming Personal Loans Non-conforming (or portfolio) loans offer some flexibility if you, the property or your borrowing situation does not meet conforming loan guidelines. Let our local residential loan experts help determine if your borrowing situation meets the guidelines for a non-conforming loan. Examples of unique property situations: Condotels

Buy Again After a Short Sale: Getting A Jumbo Loan. Generally speaking, jumbo loans are going to be the hardest loans to qualify for after a short sale. If you are planning on getting a jumbo loan after a short sale, be prepared to wait the longest of any of the programs and put the most money down. The waiting period for getting a jumbo loan.

You can apply for a jumbo loan waiting period ONE YEAR Bankruptcy, Foreclosure, Short Sale or Deed in Lieu of Foreclosure. Minimum credit score on jumbo loan is 620. Cash out minimum 640.

That means you cannot use the short sale as a way to get rid your old house in a declining housing market and buy a comparable house for a lower price. Getting an fannie mae/freddie mac Loan After Short Sale. Waiting periods for a Fannie Mae or Freddie Mac mortgage loan following a short sale vary, depending on the circumstances.

Portfolio loan options are available for Jumbo loans in as little as 1 day from bankruptcy, short sale, foreclosure, or deed in lieu. These are great short term options that will give you the opportunity to take advantage of the tax, savings, and equity benefits of homeownership, at an only slightly higher cost.