An FHA loan may still be possible after a lengthy job gap. Learn the six-month return-to-work rule, the two-year work history requirement, and how timing affects a purchase or refinance.
Many people believe that a foreclosure, bankruptcy, short sale, or judgment means they will never qualify for a mortgage again. Fortunately, that is rarely the case. Life happens. People experience job losses, medical issues, divorces, business failures, and unexpected financial hardships. Mortgage lenders understand this, and most loan programs have established waiting periods that allow…