Millions of Americans have lost their home to a foreclosure or short sale over the past several years. Fannie Mae and Freddie Mac, who control the majority of home mortgages in the United States, realize that restricting buyers from purchasing homes in the future is no a good economic decision.

On January 20, 2010, the Housing and Urban Development Administration (HUD) released a letter changing how Americans apply for FHA loans.

If you had a foreclosure or short sale over the past several years, you may be eligible to purchase a home again!

If you..

• Have a 620+ credit score
• Have 3 ½% down payment

You may be able to purchase a home again!

Contact Intero Real Estate today at 925-516-9090 to start your new future in your new home!

If you have experienced a short sale or foreclosure and your credit has been negatively impacted, there are many things you can do to raise your credit score. For more information, contact us and we will put you in touch with our mortgage credit specialists who will give you input on your current credit and what you can do to raise your score.