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News
Need assistance to help pay your mortgage?01/04/2011FLORIDA HARDEST-HIT FUNDS
The federal government has allocated funding to help pay the mortgages of qualified homeowners who are unemployed or underemployed through no fault of their own. Please check https://www.flhardesthithelp.org frequently for updates.
Homeowners who qualify for financial assistance may receive up to 6 months of monthly mortgage payments and/or funds to pay past due mortgage payments to bring the mortgage current; these funds are paid directly to the loan servicer/lender.
You must meet all eligibility requirements to be considered for the program. Please review the following criteria prior to applying for HHF assistance.
ELIGIBILITY CRITERIAAn eligible homeowner:- Must be a Florida resident;
- Must occupy property as primary residence (the property cannot be vacant, abandoned or rented);
- Must have suffered an approved hardship that makes the first mortgage unaffordable;
- Must have documented total income at or below 140% of the area median income (AMI), adjusted for household size (in Lee County, the total income for a household of four cannot be more than $86,240);
- May not have unencumbered assets of $5,000, or three times the current monthly mortgage payment (whichever is greater);
- Cannot have a bankruptcy that has not been discharged or dismissed; and
- Cannot have been convicted of a mortgage-related felony in the last 10 years.
The current mortgage:
- Must be serviced by a participating lender, who agrees to accept payments on behalf of the homeowner;
- Must not be more than 180 days past due at the time of application;
- Must have been originated on or before January 1, 2009; and
- Must have an existing principal balance of less than $400,000.
For more information please go to https://www.flhardesthithelp.org
