FHA’s back to work lending program has raised the hopes of affected families. The program, launched on August 15th of 2013, is aimed at helping creditworthy Americans who are now re-employed and wish to re-build their home.

Whether you’re a first-time home-buyer or a repeat homeowner, some of the terms mortgage lenders use may seem confusing and even intimidating. However, their language really isn’t as complex as it may seem.

Back to Work mortgage loan program, which gives borrowers who have faced an economic event a second chance to accomplish successful home ownership. Economic events include crises like foreclosure, short sale, deed-in-lieu, Chapter 7 bankruptcy and loan mod

Those facing bankruptcy had to wait two or more years. Through the Federal Housing Administration’s “Back to Work” program, eligible families may now apply for online home mortgage loans only 12 months after losing a home.

A Back to Work home mortgage loan program requires satisfactory credit, which takes a significant hit after an economic event. Credit scores below 500 are not allowed in the program, but borrowers with no credit score remain eligible.

1st Alliance Lending is a Back to Work Program Lender that will work closely with you to help you navigate your options for returning to home-ownership. We will guide you every step of the way.

Lenders who offer the Back to Work program only accept borrowers who have satisfactory credit for at least 12 months. Credit histories with late housing, installment debt payments, delinquency and other derogatory credit issues are not accepted in the pro

The “Back to Work” program allows families to apply for a new loan only 12 months after losing a home, the FHA’s new waiting period does not imply that everyone will automatically qualify. For those interested, it’s important to understand eligibility whil