Hope for Homeowners – H4H

Posted on November 29, 2008
Filed Under Foreclosures, Home Loans, Hope for Homeowers | 5 Comments

Hope for HomeownersH4H

FHA – the Federal Housing Association – is offering the Hope for Homeowners Mortgage Lending Program. It is a solid step to help homeowners who are in distress by having a difficult time making their mortgage payments.
The program will allow borrowers who qualify to refinance into an FHA insured mortgage. Borrowers who are in a loan workout or some type of loan modification program because of having a hard time making their mortgage payments will be given consideration under the H4H program.

Not everyone will qualify for this program. If you have stopped making your mortgage payments you will want to re-establish monthly mortgage payments with your lender – get back on track – and do this for at least 3 months.

It could be that some lenders might not participate in this program and if that is the case you will need to consider other loan workout options.   Simply call your lender and ask if they are participating at this time. If they say “no” than ask if they plan on participating in the near future.

If you are facing foreclosure or considering a short sale the Hope for Homeowners refinance program is something you might want to take a look at and consider for your own situation.

Comments

5 Responses to “Hope for Homeowners – H4H”

  1. pm on December 28th, 2008 4:42 pm

    I am with Citi residential- I have been asking for assistance for 6 months -I have an ARM that adjusts in March 2009- need help now phone

  2. Katharine on January 12th, 2009 1:46 pm

    My husband and I lost our business last year and had to file bankrupcy in May of 08. Our Mortgage has an ARM on it and the payment just increased 300.00 a month. We are having a very difficult time making the payment. I have a 2nd on the home as well. Total payment on the home is 1750.00 @ month…. Taxes and insurace run me 184.00 a month… bringing total to $1934.00 a month. My 1st is w/ Citi Mortgage, the 2nd is w/ Bank of America. How do I get started…. I have not missed a payment yet, but I have been @ least 15 days late…. Please help me…. I don’t want to loose out home of 15 years…..

  3. Hope For Homeowners (H4H) Mortgage Lending Program « Equity Mortgage on November 4th, 2010 5:06 am

    […] Hope for Homeowners (H4H) program started on October 1st, 2008 and was re-affirmed with the Emergency Economic […]

  4. Hope For Homeowners (H4H) Mortgage Lending schedule | Loan Vancouver on November 15th, 2011 3:39 pm

    […] Hope for Homeowners (H4H) schedule started on October 1st, 2008 and was re-affirmed with the accident Economic […]

  5. Hope For Homeowners (H4H) Mortgage Lending Program | Current Mortgage Rates on January 25th, 2012 9:37 am

    […] Hope for Homeowners (H4H) program started on October 1st, 2008 and was re-affirmed with the Emergency Economic […]

Leave a Reply

You must be logged in to post a comment.