This may be just the loan program for you to avoid waiting 2-3 years to get back into a new home after a foreclosure or short sale here in Arizona.
FHA BACK TO WORK LOAN PROGRAM - A minimum of 12 months have elapsed since the date of foreclosure, deed-in-lieu, short-sale, bankruptcy CH. 13 or 7. FHA is allowing for the consideration of borrowers who have experienced an Economic Event and can document that:
- Certain credit impairments were the result of a Loss of Employment or a significant loss of Household Income beyond the borrower’s control
- The borrower has demonstrated full recovery from the event
- The borrower has completed housing counseling from HUD- approved housing counseling 30 days before but no more than 6 months prior to making a loan application.
This program is now available from a couple of the lenders I work with. To be referred to a lender just fill out this form: Get Pre-Qualified for an Arizona Loan
Loren Hoboy-Realtor Arizona-Dream-Homes.com
