Mortgage One Year After Disaster

The waiting period after a bankruptcy, foreclosure, or short sale has been reduced to just one year from the event!

Back To Work FHA Program Requirements:

• Purchase Transactions Only.

• Housing counseling must be completed 30 days prior to loan application.

• The bankruptcy, foreclosure or short sale MUST be related directly to the loss of job or 20% income reduction for at least 6 months. This hardship needs paperwork documentation. 

• Credit must have been satisfactory before the bankruptcy, foreclosure or short sale and be satisfactory for a minimum of 12 months after the event.

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