FHA BACK TO WORK LOAN PROGRAM – A minimum of 12 months have elapsed since the date of foreclosure, deed-in-lieu, short-sale, bankruptcy CH. 13 or 7. FHA is allowing for the consideration of borrowers who have experienced an Economic Event and can document that:
- 1. Certain credit impairments were the result of a Loss of Employment or a significant loss of Household Income beyond the borrower’s control.
- The borrower has demonstrated full recovery from the event.
- The borrower has completed housing counseling from HUD- approved housing counseling 30 days before but no more than 6 months prior to making a loan application.
This program is now available from many lenders. Contact us today for a referral to a participating lender
The Woodlands Real Estate 