Miami Home Loan Qualifying After A Short Sale

Miami Home loan, and Element Funding, a direct lending mortgage bank, is confirming a short sale in a buyers’ history does not prevent a buyer from buying a home again.  Jim Carter wrote this note to give a buyer some guidelines on when you can get a mortgage again.

Miami-Home-Loan Short Sale

Miami-Home-Loan Short Sale

First, the home must be owner occupied.

For conventional financing, the requirement is at least two years and a day, since the short sale was completed.  Also, a 20% down payment is required.


For FHA financing, at least three years must pass to qualify with the 3.5% down payment option.

And, for USDA, there are no time limits if you do qualify for USDA financing.

Call now to learn more about home financing after a short sale.  We are here to answer your questions and help you get back on the road home!

So, if you need to know more about options after a short sale, a Miami Home Mortgage, or just want to discuss financing options, please call me, Jim (James) Carter, from Element Funding, at 305-525-6742to help you get the best financing solution. We at Element Funding, will help you with an exceptional Miami Home Mortgage.

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