I just heard about the "Back to Work" program that FHA recently came out with. I believe I qualify, but cannot find a broker that works with this.

Asked by Massachusetts Buyer, Lowell, MA Tue Oct 22, 2013

I had a bankruptcy and foreclosure back in 2011. My pay was reduced by more than 20% and I also went through a divorce. This lead me to lose my house. I believe I qualify for this program and do not have to wait the 3 years. Does anyone know of a broker who works with this program? Everything else is up to par. My salary and credit score is back to where it needs to be. The only thing holding me up is the 3 year waiting period.

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Justin Melo, Agent, Chelmsford, MA
Tue Oct 22, 2013
Well it seems as though you are close to the 3 year wait anyways. I can try and talk to some mortgage brokers i work with. Contact me with your information and I will see what I can do for you.
1 vote
Brian Mastro…, Agent, Hanover, MA
Tue Oct 22, 2013
when you get proof of funds from the bank. When you put in a offer in guaranteed seller sale will be sold. Not us the realtors the seller will accept offer. If you interest getting pre approve have lady will help you out.
1 vote
Brian Mastro…, Agent, Hanover, MA
Tue Nov 19, 2013
I may have broke can help you out. Give me a call 781 829 9496 Brian
0 votes
Wen Farina, Agent, Reading, MA
Wed Oct 23, 2013
lenders may indeed have different guidelines than FHA. You can get more information about the qualifications on the FHA website. It appears that you are near your 3 yrs anyway so you could wait a bit longer. You can also, if you do not want to wait, try a private lender (their rate may be a bit higher but they could also be less strict on their qualifications)
Web Reference:  http://wenrealty.com
0 votes
Joshua Gillis, Agent, Dracut, MA
Tue Oct 22, 2013

From what I know it is acceptable after 12 months of credit in good standing. There are other qualifications besides this. To Learn more please visit http://www.fha.gov and you want to look for the "back to work" program or more importantly Mortgage letter 2013-26 This will give you the outline as to the qualifications. As Dan stated FHA says one thing but a lender may have other guide lines and may be more strict. If you should need anymore help, please feel free to contact me at your convenience.


Joshua Gillis
Gillis and Company
A Division of ERA Key Realty
email- josh@gillisandcompany.com
0 votes
, ,
Tue Oct 22, 2013
Hi Massachusetts Buyer,

I work with the FHA back to work program.

Take a look at my recommendations here on Trulia from some of past clients here:

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Peoples Bank & Trust
0 votes
Dan O'Connell, Agent, Dracut, MA
Tue Oct 22, 2013
I honestly don't know a way around the 3 year rule. The FHA says one thing, but the lender might say something different. FHA guidelines differ from lender guidelines. The lender guidelines are typically more strict. I haven't seen any lender overlook that rule. I hope this answers your question. Feel free to email me for more information.
0 votes
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