To qualify for the Florida Hardest Hit Principal Reduction Program, the home must be a primary residence purchased before January 2010 and have an unpaid first mortgage balance not greater than $350,000. Total household income for a family of four cannot exceed 140 percent of the average median income for an area.
FLORIDA HOUSING RE-OPENS PRINCIPAL REDUCTION APPLICATION PROGRAM By Ashley E. Smith, Communications Intern, Florida Housing In early 2010, the federal government allocated more than $1 billion in Hardest-Hit funding to the State of Florida to assist homeowners who are experiencing challenges with their mortgages.
A principal reduction program offered by your existing lender Moreover, you do not need to pay a loan modification company to obtain a principal reduction of your mortgage for you. Help is available for underwater homeowners for free through the Obama Making Home Affordable program.
Florida homeowners who have remained current on their mortgages may apply for federal assistance from the Florida Hardest-Hit Fund Principal Reduction.
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The federal government has allocated funding to assist eligible Florida homeowners who owe at least 115% more on their home than its current market value, commonly referred to as the home being "underwater." The Florida Hardest-Hit Fund Principal Reduction (HHF-PR) program will provide up to $50,000 to an eligible homeowner(s) to help reduce the principal balance of the first
In what it is calling a "final crisis-era modification program," the FHFA announced Thursday that it will be launching a principal reduction program for some borrowers whose loans are owned or.
Effective immediately, Today’s Home Solutions of America is offering a one of a kind principal reduction program to Florida homeowners who are "upside down" in their mortgages. This is the best option available to a homeowner who wants to keep his home and can afford to make a payment based on the current market value.
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Thank you for using the official Florida Hardest-Hit fund principal reduction (hhf-pr) website! attention HOMEOWNERS IMPORTANT program update applications for florida hardest-hit fund programs has closed. If you are already in the application process, please contact your assigned advisor for.