Tuesday, October 8, 2013

FHA Back to Work Wisconsin mortgages

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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