FHA opens door to borrowers who recently had hards
FHA has recently changed their guidelines and now allow borrowers who have went through a: short sale, foreclosure, deed in lieu, and/or bankruptcy to purchase a home again with just 12 months of clean credit. Previously FHA limits were at 36 months (3 years), but with this new time table, the waiting period to purchase again has been drastically shortened. This is good news for both sellers & buyers in the housing market.
If this situation matches your circumstance, please contact us for more details on this new FHA guideline. We are happy to answer and address any questions, and will walk you through the needed steps to help you get qualified for your next home & allow you to become a home owner again!
John D. Romito
Real Estate Broker, ABR
Blog Archive2017-02-20 13:43:09
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