FHA Short Refinancing & HOPE For Homeowners REFINANCE YOUR HOME TODAY AT 97% OF TODAYS APPRIASED VALUE! Struggling to Make Mortgage Payments? Facing Foreclosure? Tried To Refinance, But Couldn't Because of Your Homes Value? Your Home Must Be Located in Florida! FHA Short Refinancing Highlights Primary Residences Only! Must Be Current on Mortgages! 580 Minimum Mid Credit Score! Full Doc Only! (must verify sufficient income) New loan Amount 97% of Today's Value! Lenders Forgive Shortage! Closing Costs May Be Financed! Lender Write Down is Voluntary  Click Here To Print The Application  FHA Short Refinancing is the process of refinancing your current mortgage(s) into a new FHA 30 year fixed rate mortgage for up to 97.75% of your homes current value (many times closing costs may be included). Many lenders are accepting short refinance payoffs because it is more cost effective than foreclosure proceedings. Foreclosure is an expensive solution for a lender for loans in default; not only does the lender not receive payments for up to a year, but they may lose out on fees associated with the procedure. A FHA Short Refinance Payoff is just one of several alternatives that might be more cost effective for your lender(s). FHA Short Refinance also allows borrowers to keep their home. The HOPE for Homeowners (H4H) Program was created by Congress to help those at risk of default and foreclosure to refinance into more affordable, sustainable loans, with a maximum loan amount of 90% of your homes current value. As a Correspondent Mortgage Lender we have the authority of the Federal Housing Administration (FHA) to assist in the lending of three-hundred billion dollars to help homeowners who are currently facing challenges affording their current mortgage payment(s). Our underwriting guidelines for this product require borrower(s) have a middle credit score of 580 and if you're delinquent on your mortgage it must be due to a hardship. We do anticipate being able to offer this product to borrowers who are in or facing foreclosure in the near future. Here is an example... of how much you could save!  Example: A $250,000 mortgage balance and the homes current value is $100,000, the refinanced FHA loan would repay the lender 90% of the home’s current worth, about $85,000. The existing home owner’s new loan would be for 90% of the $100,000 or $90,000.   Do you qualify for a FHA Short Refinance? Go to the Short Refi page to see if you meet the minimum program requirements.    Do you qualify for the Hope For Homeowners loan? Go to the H4H Criteria page to see if you meet the (H4H) minimum guidelines.   HELPING STRUGGLING FAMILIES IN FLORIDA KEEP THEIR HOMES!   We look foward to helping you refinance your home please Print The Application package to start the process. Click Here To Print The Application    Please register with us to receive loan program updates.

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