You'll feel right at home with me!: Second Chance Mortgage

Second Chance Mortgage

Thank you Kathy sharing sharing such an important post. So many times folks don't even know about these programs until it is too late. I have shared it with my facebook friends. I hope it can help someone I know and thanks again.



Wouldn't everyone like a second chance?  The Second Chance Mortgage is a program designed for individuals that have experienced an ecomonic hardship that resulting the loss of their home or filing a bankruptcy.  This is an FHA mortgage product that will help give many a second chance at homeownership.

Here are the basic requirements:

  • An economic event resulting in a loss of at least 20% of their income that last for more than 6 months.
  • Maintained good credit prior to the ecomonic loss
  • Has reestablished credit
  • Has an 12 month rental history that is documented by canceled rent checks
  • No collections

This program is available for all FHA case number pulled between August 15, 2013 and September 30, 2016.  You won't want to waste time to find out if you will qualify or what needs to be done in order to qualify.

If you have lost home, had to file bankruptcy, this may be a way to get your financial goals back on track.

For more information, please contact your licensed mortgage loan originator for a analysis of your specific situation.


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Kathleen Sheehan

Sr. Mortgage Consultant

NMLS #206275
Georgia Residential Mortgage Licensee #25839

600 Galleria Parkway

Suite 170

Atlanta, GA  30038


770.634.4021 cell


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Women's Council of Realtors Secretary

The opinions and general information in this blog are soley those of Kathy Sheehan.  Specifics regarding an individual case should be discussed in detail with a loan professional.  For a confidential consultation, please feel free to contact me via phone or email.  All terms and conditions are subject to change.



JodiAnn Garone

Cell 732-221-9331



 33 West Main Street, Holmdel, NJ 07733
 Phone 732-444-6555 x 127  Fax 732-444-6646


Comment balloon 1 commentJodiAnn Garone • September 16 2013 01:24AM


JodiAnn, thank you for the reblog. I am glad you found the information helpful.
Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) about 5 years ago