Can I get a HomePath Mortgage After a Short Sale?  HomePath is a Fannie Mae Product.  Therefore, Fannie Mae guidelines for purchasing after a short sale would apply.      The waiting period and whether you could qualify for a HomePath mortgage depend on the following factors:

1. Whether or not you were late on your prior mortgage before the short sale.
2. Your credit scores.
3. The circumstances surrounding your short sale.
4. Whether the Home being purchased is HomePath Eligible.
5. The down payment amount.

Currently, Fannie Mae guidelines states that there can be no late payments on the prior mortgage before the short sale in order to qualify for a new loan.  If there were late payments,  then the following guidelines apply:

 - 2 year waiting period and the borrower will be required to have 20% down payment on the new home.  Although it is possible to put 10% down after a 2 year period with mitigating circumstances.
- 4 year waiting period if the borrower puts 10% down.
- 7 year waiting period if the borrower puts less than 10% down. 

The mortgage industry is an ever changing business.  Nothing is ever written in stone.  Guidelines are constantly changing.  Programs you may not qualify for today, you may qualify for tomorrow and vice versa.  Definitely check with a knowledgeable professional periodically for changes to HomePath and other programs.