Lenders who offer the Back to Work program only accept borrowers who have satisfactory credit for at least 12 months. Credit histories with late housing, installment debt payments, delinquency and other derogatory credit issues are not accepted in the program.
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FHA Back To Work Program Counseling Requirements - NC FHA Expert
The Federal Housing Administration’s Back to Work – Extenuating Circumstances mortgage loan program shortens the waiting period to buy a home to as little as one year after you’ve had a bankruptcy, foreclosure, deed in lieu of foreclosure, or short sale. You do need to know the rules and guidelines in order to qualify. Springboard is here to help you answer the questions:
Considering a new home or refinancing? This is a great recourse for calculating monthly payment options. Takes into account insurance, property taxes, and any HOA fees. Mortgage Payment Calculator (Taxes, Insurance, PMI & HOA)