Morning Minute: Getting Boomerang buyers back in homes of their own again

Boomerang homeowners who lost their homes to foreclosure or short sale during the recession, may not have to wait as long to qualify to buy a home again, under the Federal Housing Administration’s (FHA) Back to Work Program. Instead of waiting as long as 36 months to qualify for an FHA-backed loan, the agency’s program has shortened it to as little as 12 months. Read more from NAR.

If you are a REALTOR® working with today’s boomerang buyers, find presentations and resources from IAR’s recent Illinois Housing Leaders Conference, which featured the topic, “Helping Boomerang Buyers Get Back in the Market.”

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