Get BACK TO WORK with HUD’s Back to Work program

Some consumers and real estate agents still don’t know about Back to Work. The basic data you need to know is that if you or your client has had a short sale, foreclosure, deed-in-lieu or other real estate loss event, there may still be help for them to get new financing in as little as 24 months. There are a few restrictions: to show they had a dip in income (20%) and maintained credit since the event. The most important step we are seeing people miss on these is that the buyer needs to get the 8 hours of  home-buyer education ( 30 DAYS PRIOR ) to application for the loan. Please let us know if you need help locating a local agency for you to get your buyers into a class.

CLICK HERE to read the official mortgagee letter from HUD

CLICK HERE to find the closest HUD Approved Counseling Agencies

Updated Hud Handbook June 15,2015