I grew up in a charming handcrafted home on 35th in the West Highlands. Built in 1922 by the owner of a local lumber yard. It seemed like every house in the neighborhood was
New FHA Program
There are a three main requirements for borrowers who have experienced an Economic Event and can document that:
1- certain credit impairments were the result of a Loss of Employment or a significant loss of Household Income beyond the borrower’s control; (20% decrease in household income for at least 6 months)
2- the borrower has demonstrated full recovery from the event; and, (one year’s time)
3- the borrower has completed housing counseling (30 days prior to loan submission) Below is a Link for you to advise your borrowers of the counseling offices throughout the United States http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm
Jim Cavoto has been serving Colorado Real Estate market since 2000. Jim carries both Real Estate Employing broker level license & The Colorado Mortgage Origination License. As a rare "Native" of Col....