New FHA Purchase Back To Work Program


Borrower has to prove that certain credit impairments (ie Short Sell, Foreclosure, Bankruptcy) were due to loss of employment or a significant loss of household income beyond the borrower’s control.  This had to be at least a 20% or more loss of household income, and lasted at least 6 months.
Borrower has demonstrated full recovery from event.

Borrower has completed housing counseling.


The borrower has to have 12 months of satisfactory payment history, since the economic event.  The borrower had to have good credit prior to the economic event.  The derogatory credit occurred after the economic event onset.

This program applies to FHA purchases only.  The borrower has to meet all current FHA requirements on income, employment, housing and debt ratio’s, and property.

For more information on FHA Back to Work Programs,
I can be contacted at:

Rhonda Sherman, Owner
License # 100008357  NMLS # 381084
145 Grand Avenue, Suite B
Grand Junction, CO  81501
Office: (970) 257-1502 or Cell: (970) 250-8613
Website: Dependable Mortgage Co.

Regulated by the Division of Real Estate
An Equal Housing Lender

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