Fhasecure (FHA SECURE) | United States Department Of Housing And Urban Development
Offers an opportunity for homeowners with strong credit histories, who are having difficulty because of an adjustable rate mortgage reset, to refinance into a prime-rate FHA-insured mortgage.
Data provided by
211 Cleveland
Physical Address
451 7th St. Sw, Washington, DC 20410
Hours
Varies with lender. FHA Resource Center phone line operates M-F: 8:00am-8:00pm.
Application process
A list of FHA-approved lenders is available through web link or FHA Resource Center. Applicant should check with lenders to verify their participation. Those who do not have access to a computer or who wish to discuss the program with a counselor can call the agency Housing Counseling Referral line, for the phone number of an approved counseling agency which serves their area.
Fee
Free.
Eligibility
The homeowner must hold a non-FHA adjustable rate mortgage (ARM). Must have a strong credit history and have been making timely mortgage payments before interest reset. The interest rate must reset between June 2005 and Dec. 2009. There must currently be at least 3% cash or equity in the house. Homeowner must be able to show sustained history of employment, and must document sufficient income to make the future mortgage payments.
Service area
United States
Agency info
United States Department Of Housing And Urban Development
Federal agency that works to achieve a decent, safe, suitable living environment for every American by advocating for fair housing, acting to reduce homelessness, increasing affordable housing and opportunities for home ownership, and promoting jobs and economic opportunities.