FHA “Back to Work” Program – 5 Key Points. Learn Them All, Especially #4.

The Federal Housing Administration (FHA) announced the Back to Work Program on August 15, 2013. This program is great news for you if your damaged credit history is a result of the recession. These are the 5 things you need to know about the “Back to Work” Program. Let’s dive right in…

1. You No Longer Have a 2-3 Year Waiting Period for an FHA Mortgage

If you experienced an “economic event” like a: Pre-foreclosure Sale Short Sale Deed-in-Lieu Loan Modification Bankruptcy Foreclosure Forbearance Agreement You would normally have to wait 2-3 years before you could qualify for an FHA mortgage. You can now qualify for an FHA loan after just 12 short months...

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