NEW LOAN CHANGES AS OF 8-15-14

In case you are wondering…Conventional Loan changes just took place August 18th. Previously, you could buy a home 2 years after a Short Sale using a Conventional Loan with 20% down. This is no longer an option. Here will be the new “Waiting Periods” after a Short Sale.

1. Conventional Loan 4 Years
2. FHA Loan 3 Years
3. VA Loan 2 Years

I have included a current “cheat sheet” for your reference regarding waiting periods for Short Sales, Foreclosures, and Bankruptcy’s. This is broken down by the 3 different types of loans. If you have any questions, don’t hesitate to ask 🙂

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About The Panos Team

Since 2003, Mike and Tammi have made Las Vegas their home where they have become successful agents in a highly competitive market. Our enthusiasm, integrity, diligence, work ethic and negotiation skills have well served our Buyer and Seller clients in all residential arenas including single family homes, condos, townhomes and highrise. We specialize in short sales as well as Bank Owned (REO) properties and traditional home sales. Our goal is not to be the #1 agents in Las Vegas...our goal is to be YOUR #1 agents in Las Vegas! As Las Vegas residents, we appreciate what a great place this is to raise a family, spend quality time with friends and loved ones and just simply enjoy life. We consider it a privilege to be able to help others achieve their investment goals when it comes to living in Las Vegas. We value family time, enjoy camping and riding quads, we are active in our church. We also enjoy bowling, eating ice cream, participating in our annual family talent show and just simply relaxing.
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