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 pre-purchase consulting program.  Individuals can set an appointment for this counseling by calling FHCRC at (951) 682-6581.

Resources

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