FHA Back to Work program allows Wisconsin borrowers to purchase a home with a recent bankruptcy, foreclosure, deeds-in-lieu, and short sales. Some of the program highlights are as follows:
· Minimum FICO score of 640 for loan amounts <= $417,000;
· Minimum Fico score of 660 for loan amounts > $417,000;
· Economic Event out of the borrowers control resulting in a reduction of household income of 20% or more for at least 6 months.
· Borrower must have reestablished a satisfactory credit history for at least 12 months;
· Borrower has fully recovered from the Economic Event;
· The borrower must have attended an approved housing counseling program at least 30 days but no more than 180 days prior to the initial loan application; and
· All other HUD requirements are met.
Give me a call or email me today to see if you qualify for this program.
Ron Meyer
(920) 213-0428
www.gsfron.com
rmeyer@gogsf.com
Home of the no appraisal refinance
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