Per Fannie Mae’s rules, when a borrower did a short sale, the individual can’t buy a new home with a Fannie Mae loan for 24 months (unless the individual did not default on the short sale loan). If the person defaulted (falling into the 24 month rule) can they purchase a new home with the VA Loan program. Who is the investor in a VA Loan?

Thank yous

FHA allows it before 3 years. Not sure about VA.

2 Responses

1. David Z Says:
   March 11th, 2010 at 7:15 pm

   FHA allows it before 3 years. Not sure about VA.
   References :

2. satarnag02 Says:
   March 11th, 2010 at 8:04 pm

   The Government.
   References :

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