back to work - The Mortgage Porter

Seattle Real Estate Chat: FHA’s Back to Work

November 2, 2013 by Rhonda Porter Leave a Comment

UPDATE: Please visit our FHA Guide featuring current FHA mortgage programs and loan limits.

In this week’s episode of Seattle Real Estate Chat we discuss FHA’s “Back to Work”. Back to Work is a newer extenuating circumstance that allows people who had a short sale or foreclosure to be able to buy again as long as the short sale or foreclosure happened because of a loss of income at no fault of their own (due to actions by their employer).

[Read more…]

Filed Under: Seattle & Washington Real Estate Tagged With: #SeattleREchat, back to work, buying again, fha

Reader question: What can we do during the waiting period?

September 26, 2013 by Rhonda Porter 4 Comments

If you’ve had a bankruptcy, short sale or foreclosure, there is a waiting period that must take place before you can start the mortgage process. Wait periods vary depending on the type of derogatory event and the mortgage program. This reader’s excellent question is from an article I recently wrote about FHA’s “Back to Work” program.