Liberty Mortgage Assoiciates is proud to offer FHA's "Back to Work" program. This program is designed to help familites who lost their homes due to the recent economic downturn. This program extends FHA's present underwriting guidelines to allow for the following after one year:
Pre-foreclosure sales
Short sales
Deed-in-lieu
Foreclosure
Chapter 7 bankruptcy
Chapter 13 bankruptcy
Loan modification
Forbearance agreements
Borrower would need to comlete a financial management class, present documentation of a 20% decrease in income and that credit was reestablished after the event.
The "Back to Work" loan program offers down payments as low as 3.5%, competitive rates and loan amounts up to $417,000.00.
Apply online today!