Back-to-Work FHA

Back-to-Work FHA Counseling

Do you want to buy a home… but aren’t currently able to because of a foreclosure, short sale, or bankruptcy?

There is a new program that may allow you to purchase a home sooner than you thought!

Borrowers that may otherwise be ineligible for an FHA-insured mortgage due to FHA’s waiting period may be eligible for an FHA-insured mortgage if the borrower:

–  can document that the delinquencies and/or indications of derogatory credit are the result of an extenuating circumstance,
–  has completed a minimum of one-hour of one-on-one Housing Counseling (subject to specific requirements), and
–  the borrower meets all other HUD requirements

FHCRC is providing the required counseling for the Back-to-Work FHA program.  Individuals can set an appointment for this counseling by calling FHCRC at 1-800-655-1812.



CBS News Article: Borrowers with bad credit can now buy soon with FHA

Downloadable PDF copy of the Back-to-Work FHA program:  HUD Mortgagee Letter 2013-26

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