HUD - Back to Work) FHA is allowing for the consideration of borrowers who have experienced an Economic Event and can document that:
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; and,
the borrower has completed housing counseling.
Of course, there are other rules and regulations that go with this program and qualified lenders can help you navigate that. If you are one of those former home owners who lost a home in the recent recession, it may be time for you to find out if you are eligible once again to purchase a home. Owning a home is still the American dream. Are you ready to "boomerang" back into homeownership?
Tuesday, November 19, 2013
Thursday, November 7, 2013
Virginia Election Results 2013