Back to Work Program by HUD allows borrowers to buy just 12 months after a Bankruptcy, Foreclosure or Short Sale.*

Only available through certain lenders

HUD recently announced the Back to Work Program. The “Back to Work – Extenuating Circumstances” program. The Back to Work Program is aimed to help people who have lost their home through foreclosure, short sale or bankruptcy. Back to Work Program Minimum Eligibility Requirements: The borrower must meet several minimum eligibility requirements to qualify. The borrower must have experienced an economic event. This is defined as any occurrence beyond the borrower’s control that resulted in a loss of employment, income or a combination of both. This must have caused a reduction in the borrower’s household income by 20% or greater that lasted six months or longer. The borrower must have recovered from the “economic event” with the re-establishment of satisfactory credit for a minimum of 12 months. The borrower must attend housing counseling from an approved HUD Housing Counseling Agency. Search HUD homes on the Hudhomestore website. Back to Work Program Highlights:

  • Previous bankruptcy, foreclosures and short-sales are acceptable. You no longer do you neBack to Work Program, hud Back to Work Program, bankruptcy rules, buy a home after bankruptcy, how long after bankruptcy, fha bankruptcy guidelinesed to wait three years after a previous foreclosure. Two years after a bankruptcy to obtain affordable financing. The minimum is now 12 months.
  • Only a 3.5% down payment is required (minimum credit score of 580 required for maximum financing).
  • No income restrictions.
  • Positive payment history reestablished
  • Minimum credit score of 580 is accepted
  • Gift funds permitted.
  • Single-family maximum loan amount of $729,750 in high-cost living areas.
  • First-time homebuyers are acceptable.


Pre-Qualify Today!

  • Purchase programs with as little as 3.5% down payment.

Step 1

Submit your contact information.

Step 2

A Lender will contact you to discuss your loan needs.

Step 3

A Pre-Qualification letter will be provided to submit with your offer.

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I am worried having my credit pulled will lower my score?

When a lender pulls your credit is counts as a hard inquiry. Hard inquiries make up a small portion of your credit score, usually your score will only be affected if you have a significant amount of inquires. You also have a 30 day window to have multiple lender pull your credit and it will only be counted as one inquiry (this is allowed by the credit bureaus for rate shopping)

Is my information going to be sold to companies who will call/email me non stop?

No. Unlike some companies who simply sell your information to anyone and everyone for months, even years. We select one or two lenders that are the best fit for your situation who will contact you. You will have a loan specialist with The Lenders Network working with you throughout the entire process. If you decide you do not want any help that is perfectly okay, we will delete your information.

I am not ready to buy right away, should I wait to apply for a loan?

No. Even if you are not planning on purchasing a home soon it is a good idea to see if you qualify for a mortgage. If you do not qualify now you will be able to get a clear understanding on what you need to do to be in position to qualify down the road.