You No Longer Need to "Wait" to Buy... FHA Back To Work Program Waives Foreclosure, Bankruptcy, And Short Sale Waiting Period
Posted by Carlos Martinez on
What is the FHA Back to Work - Extenuating Circumstances Program?
The Federal Housing Administration (FHA) realizes that credit histories don't always reflect a person's true ability or willingness to pay on a mortgage. The FHA Back To Work - Extenuating Circumstances program can help you apply for an FHA loan and get into a home. Millions of U.S. homeowners who experienced financial difficulty under extenuating circumstances are now eligible to purchase new homes. You no longer need to wait 3 years to apply for an FHA loan after experiencing a foreclosure, short sale or deed-in-lieu. You no longer need to wait two years to apply for an FHA loan after experiencing a Chapter 7 or Chapter 13 bankruptcy. FHA has waived these waiting periods. NMWelcomeHome…
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If you currently have a student loan as many do, you will not be affected. If you are interested in qualifying for a home loan before interest rates continue to rise, contact a NMWelcomeHome Team Specialist. We can find the home right for you and help you contact a mortgage company to get the loan and loan rate you deserve.Â
You may need to Sell your home in order to Buy. We are very successful with helping a current home owner negotiate a purchase on a new home and getting their current home sold, in a reasonable amount of time.
