FHA Back to Work Program

Purchase Just 12 Months After a Negative Credit Event

List of negative credit events includes:

  • Bankruptcy
  • Short sale
  • Pre-foreclosure sale
  • Deed-in-lieu of foreclosure
  • Foreclosure

FHA Back to Work Qualification Requirements

The Back to Work program specifically aims to help borrowers that lost their home after a drop in household income that was beyond their control – such as a loss of employment.

In order to qualify, the potential borrow must meet the following requirements:

  1. “Negative credit event” (as listed above) resulted from a loss of employment or dip in the household income beyond the borrower’s control.
  2. The borrower has recovered from the event and can demonstrate the recovery. Includes documentation of mortgage or credit problems and re-establishment of positive credit history.
  3. The borrower has completed housing counseling.


The borrower must also meet basic FHA loan requirements.

Waiting Periods

For the FHA loan, borrowers typically must wait between 24 and 36 months to obtain a new loan depending on the negative credit event and the debt conditions. Under the Back-to-Work program, the borrower can cut the wait to just 12 months.

Other finance programs (conforming, VA, USDA) generally have stricter requirements. To obtain conventional finance after a negative credit event, the borrower must wait between 2 and 5 years depending on the down payment size and the specific issue.

Step 1. Get Pre-Approved.

How Does Pre-Approval Work?

Getting pre-approved is as easy as 1-2-3!

1. Create an Account

Creating an account is fast, easy, secure and FREE! Your account enables you to easily modify your loan application and view the status of your loan anytime day or night.

2. Submit Information

When you register for a Loan Center account, you can submit a loan application online and the sensitive information that you provide will be transmitted securely.

3. Get Pre-Approved

Kick your feet up while we crunch the numbers. Pre-approval can be done very quickly if you provide a complete and accurate loan application and supporting documentation.

You have questions? We have answers.
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