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After a Short Sale, how long does it take to qualify for a mortgage?

December 6th, 2019 by Sean Stephens

How soon can you qualify for a mortgage after a Short Sale?

Florida USDA, VA, FHA, and Conventional Loans after Short SaleIt is possible to qualify to purchase a home after a short sale, but waiting periods will apply and vary between USDA, FHA, VA, and Conventional loans.

Depending on the type of loan program, some waiting periods are longer than others. In today’s video, I will compare the differences between USDA, FHA, VA, and Conventional loans and explain how soon you can qualify for a mortgage after a short sale.

Plus, if you have recently been denied for a mortgage because of a previous short sale, please take advantage of our FREE Second Opinion Service (SOS)

Short Sale Guidelines

Sebring Highlands County USDA Loans

As a starting point, a short sale is considered a pre-foreclosure activity.

Also, we have seen over the years that many short sales occur due to unforeseen circumstances that are outside of the homeowner’s control.

With that being said, once a short sale has been completed, waiting periods will apply which determine how quickly you are able to requalify for a mortgage.

I have listed below the published short sale qualifying guidelines for Conventional, VA, FHA, & USDA loans:

Conventional Loans

When qualifying for a conventional loan after a short sale, Fannie Mae and Freddie Mac have different guidelines.

  • Fannie Mae requires 4-years from the short sale completion date.
  • On the other hand, Freddie Mac has no waiting period after a completed short sale provided the loan receives an eligible response through Loan Prospector which is their automated underwriting system.

VA Loans

  • VA guidelines treat a short sale similar to a foreclosure.
  • VA loans require a 2- year waiting period along with re-establishing credit.

FHA Loans

  • Tampa FL USDA Approved Lender ListFHA guidelines for qualifying after a short sale require a 3-year waiting period.
  • The waiting period begins on the date of the transfer of title by a short sale.


  • USDA guidelines to qualify for a short sale require a 3-year waiting period.


After a short sale, please be wary of lenders stating they can get an exception for less than the standard waiting periods discussed above.  While it can be possible, there is limited opportunity for these type exceptions and are truly on a case by case basis.

We are Here to Help

Remember, if you need help or have questions, that is exactly what we are here for.

Just call 800-806-9836 x280 or email to discuss your scenario.

We are known for returning calls, replying to emails, and responding to your messages!


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