Enzo Says Why Rent When You Can OWN

Enzo Says Why Rent When You Can OWN

The guidelines for lending are changing making it easier for homeowners that became renters because of a significant credit event to purchase a home again.  The wait time to purchase a home using an FHA loan has recently changed for Bankruptcy, Short Sale, Deed-In-Lieu, and Foreclosure and is NO longer 3 years!  The new rule offers more flexibility for extenuating circumstances making a home purchase possible in as little as 12 months.  FHA is allowing consideration of borrowers who have experienced an Economic Event AND can document: 1) Certain credit impairments were the result of a Loss of Employment or a significant loss of Household Income beyond the borrowers control.  2) The borrower has demonstrated full recovery from the event. 3) The borrower has completed housing counseling.  FHA will consider credit scores as low as 620 and there are several city, county, and state programs available to help with down payment assistance! Quit renting and start your new home search today at www.brianrichards.byrdhomegroup.com!


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Phone: 360-480-2242
Dated: September 24th 2013
Views: 4,756
About Roxanne: Roxanne Byrd’s specialty is matching buyers to just the right home as well as using her Real Estat...

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