The FHA Back to work program is here! Finally there is now help for Jacksonville FL and Orange Park homeowners that had to go through a short sale in the past few years due to extenuating circumstances. FHA has a new product to assist you called the FHA Back To Work Program.
This wonderful news for those that completed a short sale and thought that they would have to wait for at least 3 years to obtain a new loan.
If you meet these requirements and you are ready to purchase again please contact me. I would be more than happy to help you purchase your new Jacksonville, FL or Orange Park home.
To qualify for the program some requirements must be met.
- Purchase loans only.
- Primary residence.
- Borrower will be required to complete and approved HUD/FHA counseling certification program.
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Borrower must have experienced and Economic Event that can evidence all of the following:
- Derogatory credit that was a result of loss of employment.
- Demonstrated a full recovery from the event (both credit and employment).
- 12 months since Foreclosure / Bankruptcy
- Loss of Employment or reduction (20% or more ) in pay for over 6 months
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