There is new hope for many Americans who lost their homes to foreclosures and short sales in recent years and are ready to buy a home again. The U.S. Department of Housing and Urban Development (HUD) recently introduced new guidelines for Federal Housing Administration (FHA) loans, essentially making it easier for eligible borrowers who have a mortgage default on their record to purchase a home.

Given that millions of homeowners have lost their homes in the last few years alone, this is very good news for a vast number of Americans. The FHA Back to Work program allows qualifying borrowers who had a short sale, foreclosure, or a bankruptcy due to extenuating economic circumstances (reduction in income or loss of employment) to potentially obtain an FHA purchase mortgage – without needing to adhere to the three-year waiting period normally required by the FHA.


The Back to Work program recognizes that for many people, their economic status was changed by factors outside of their control and that they have worked toward getting back on more sound financial footing. To participate in the program and have the standard three-year waiting period reduced, borrowers must meet specific eligibility criteria and other requirements to qualify for a mortgage under the new program.

Home – Where your story begins…

To learn more about how Coldwell Banker Grass Roots Realty can help you buy or sell a home, please call one please call one of our four offices in:

Grass Valley Office at 530-273-7293
855 Sutton Way, Grass Valley, CA 95945

Nevada City at 530-265-3282
108 Union Street, Nevada City, CA 95959

Penn Valley at 530-432-1131
11364 Pleasant Valley Rd, Penn Valley, CA 95946

South County/LOP at 530-268-1575
10193 Combie Rd, Auburn, CA 95602