[quote=bearishgurl]Thank you, ctr70. The OP states he had a short sale in 2010 (abt 18 mos ago?) and currently has a FICO score in the “low 700’s.” He does not appear to meet any “extenuating circumstances” test.
Ball park (and excluding closing costs), what are the rates and terms he could currently expect for an 80% LTV fixed conventional mtg of $400K and a 97.5% LTV fixed FHA mtg of $482,500? Thanks for any help.[/quote]
He would have to wait for 3 yrs after a short sale to go FHA, but you say he is only at 18 mos. In 6 mos he could try conventional 20% down, as they only require 2 yrs after short sale.
