FHA new guidelines after short sale, bankruptcy or foreclosure Las Vegas August 2013

FHA new guidelines after short sale, bankruptcy or foreclosure Las Vegas August 2013

Good news for those that suffered a bump from the economic downfall!

You may be eligible for an FHA loan if you have experienced a short sale, foreclosure, bankruptcy, etc. as long as it has been at least 12 months since the event.

First you will have to contact an FHA approved lender, if you need some direction, please Contact me

The program is called "Back to Work" and although it does give a second chance to borrowers and the ability to apply for an FHA loan in sooner than 2 years, you will have to show that you have fully recovered for the finacial setback.

You will have to show them that you truly experienced a loss of income during that time you claim to have suffered a loss and there will be financial counseling required.

These are just some of the requirements, however, the doors are open, the best way to find out where you stand is to Contact me so that I can refer you to a lender that can tell you exactly what road to travel to get a home.

The scenario will be different for every person and there is never an obligation to talk to someone. You can also give Costco financial a try as well.













Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Las Vegas Real Estate Blog.

Do you Have Something to Share?
Live in Las Vegas Wants to Hear About It!

Visit Here to Contribute






 

Its Getting HOT!  Time To Get Your...






SBI!

 

"Therefore, whether you eat or drink, or whatever you do, do it all in the glory of God - 1 Cor 10:31"