If I had sold my home in a “short sale” how long do I have to wait to be eligible to purchase a new home?

Kathleen C. Aiken

Fannie Mae views a short sale the same way as a foreclosure, where you would have to adhere to the “seasoning” rule. If you have 20% to put down on the new home, you cannot apply until a full two years has passed. If you have less than 20% down, you will have to wait for four years.

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