Posted on: 03rd Oct, 2013 02:06 am
Can I take out a 5% down conventional loan 5 years after short sale?
Hi Guest,
After 5 years of short sale, you will be able to get a conventional mortgage. But you will have to put 20% down payment. If you put 5% down payment, you may have to go for a PMI (Private Mortgage Insurance).
Take care
After 5 years of short sale, you will be able to get a conventional mortgage. But you will have to put 20% down payment. If you put 5% down payment, you may have to go for a PMI (Private Mortgage Insurance).
Take care
You can get traditional mortgage loan with ease after 5 years of mortgage.