Did you sell your home in a short sale in the last couple of years in the western suburbs of Chicago? Are you renting now but looking at an upcoming rental increase? Do you wish you could buy another home soon....perhaps this year!
Well, I have good news for you! In August of 2013, FHA announced that they have a new loan product that would take care of those sellers that sold their homes in a short sale or foreclosure situation due to economic or other extenuating circumstance. Youd might be eligible to buy after only a year from your short sale date! The guidelines are strict but if you don't try you won't know if you qualify.
Not all mortgage brokers have the program available but one of my preferred lenders does and I would be happy to help you find out if you qualify for this special program.
Don't let your past short sale experience keep you from owning your own home again! Become a homeowner in 2014 and take the first step by calling me to start the process!