FHA Secure Refinancing Program was designed specifically to assist homeowners with preventive financing measures to prevent home foreclosures resulting from loan payment defaulting . Many consumers in all 50 states are struggling with the recently adjusted mortgage payment.
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No Cost and No Obligation to Apply.
3 out 4 applications are approved.
The U.S. government and the Housing of Urban Development have moved fast to help consumers with adjustable-rate mortgages have a solution when their loan resets to higher interest rates and their payments skyrocket. "To help these families stay in their homes, FHA will allow families with strong credit histories who had been making timely mortgage payments before their loans reset - but are now in default - to qualify for refinancing."
FHA secure refinance offers refinancing exceptions for borrowers with a
good payment history prior to adjustable rate changes.