Special offer

About 50% of Sacramento home owners quailify! YOU may qualify for the Home Affordable Mortgage Program.

Reblogger
Real Estate Agent with Sequim & Port Angeles Real Estate

Original content by Chrysti Tovani DRE# 01118449

Before you walk away or consider a short sale, consider this!  You may qualify for this program and not even know it! 

Sacramento home owners may qualify for the Home Affordable Mortgage Program which was announced on March 29th, 2010.

ADMINISTRATION ANNOUNCES SECOND ROUND OF ASSISTANCE
FOR HARDEST-HIT HOUSING MARKETS

 

The HFA (Hardest Hit Fund) was designed to help the families in states with the most concentrated areas of economic stress.  It is for responsible home owners who have been struggling to keep up with their mortgage payments.

If this is your primary residence and you owe less than $730,000 and your monthly payment is not more than 31% of your gross monthly income, you qualify.  You could lower your monthly payment by up to 20%.


How many homeowners could this program help?


HFAs may use the funding for a variety of programs designed to prevent avoidable foreclosures, assist unemployed borrowers, help address negative equity, or reduce second liens – all with the goal of helping responsible, but struggling American families stay in their homes. As part of the program plans submitted to Treasury, each HFA will estimate the number of borrowers that will benefit from their proposed use of funding. The final versions of each proposal, along with the estimate of the number of borrowers who may benefit, will be publicly available on the Treasury website.

 

As a follow up to my previous articles about the Home Loan Modification and my company being introduced to Walt Gray because of my blog, I wanted to get this up here. 

Also, I wanted to mention that my company, Stanford Mortgage was recently on the news again.  One of our own loan officers recently was able to reduce his mortgage payment using the new Making Home Affordable program.  Here is the link to the video that aired on KCRA channel 3 News with Walt Gray.

http://www.kcra.com/video/23066374/index.html

 

If you or someone you know needs assistance in getting a home loan, I would appreciate it if you would tell them about me.  I LOVE REFERRALS!  ♥                                                              

 

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California Mortgage Advisor, Chrystina Tovani

Please note that all information is time and date sensitive.  The real estate and mortgage industry changes daily.  All thoughts and opinions expressed on my blogs are not necessarily those of my past or present brokers or employers.  All information is deemed reliable but not guaranteed. Unless otherwise stated, photos used on this site are from BigStockPhoto.com

Copyright © 2010 Chrystina Tovani, NMLS #241089  Stanford Mortgage  Equal Housing Lender, CA license #DOCML-813G820. This is not a commitment to lend. Prices and guidelines are subject to change without notice. Restrictions apply.

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