FHA Back to Work Program

 

Hamilton Group Funding proudly announces our newest

FHA Loan Program exclusively for Home Buyers

 

FHA Back to Work Program

Over the past fewWelcome years many hard working citizens have lost their jobs or have had a reduction in their income due to the vast impacts of the downturn in the economy created by the financial crisis. Many of these citizens not only lost their jobs but also their homes and in many cases were forced to file for bankruptcy.Until now, these potential home buyers have been left without a solution for financing a new home even if they have re-established employment and credit. To bridge this gap, Hamilton Group Funding is offering the new FHA Back to Work Program.

 

FHA is allowing potential home buyers who have experienced an Economic Event an opportunity to obtain FHA Financing for their New Home. 

Prospective buyers who can document the following may be eligible for this program:

  •  Certain credit impairments were the result of a Loss of Employment or a significant loss of Household Income beyond the borrower’s control
  • The home buyer has demonstrated full recovery from the event; and,
  • The home Buyer has completed housing counseling.

Basic Guidelines:

  • Minimum 640 FICO
  • Major derogatory credit item must be over 12 months old rather than the typical 3-Year waiting period. This includes: (Foreclosure/Bankruptcy/Shortsale/Loan Modification)
  •  12 months re-established acceptable credit.
  • 0 x 30 in Housing Payments & Installment Loans in the last 12 months
  • 1 x 30 Revolving Accounts in the last 12 months maximum
  • Housing Counseling must be completed up to 6 months PRIOR to loan application

This is an excellent opportunity for potential buyers who in the past would have been left without a financing option.

Please feel free to contact us with any questions you may have.

Donald Owens

Branch Manager
NMLS # 98786 NC License # I-117129
Office: 336-542-2494
efax: 888-336-2885
Email: don.owens@hgfloans.com

Hamilton Group Funding, Inc.
204 Muirs Chapel Road, Suite 100-L
Greensboro, NC 27410
NMLS Branch ID # 1106824

Mortgage loans do not have to take forever. Our team will help you get your loan closed smoothly and quickly.

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Proudly providing a variety of Mortgage Loan Options to the State of North Carolina and the Communities of Greensboro, Winston-Salem & High Point.