The Federal Housing Administration (FHA) has now, under certain conditions, relaxed their rules for Las Vegas home buyers to qualify for an FHA backed mortgage who have had a foreclosure, short sale or bankruptcy.
In a written statement, FHA Commissioner Carol Galante announced the changes:
“FHA recognizes the hardships faced by these borrowers, and realizes that their credit histories may not fully reflect their true ability or propensity to repay a mortgage."
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