What is a FHAecure loan?

The FHASecure loan is a refinancing option backed by HUD (U.S. Department of Housing and Urban Development) that gives homeowners with non-FHA adjustable rate mortgages (ARMS), current or delinquent and regardless of reset status the ability to refinance into a FHA-insured mortgage.  With FHASecure, the lender will not automatically disqualify you because you are delinquent on your loan, and the lender may offer you a second mortgage to make up the difference between the value of your property and what you owe.

How is it different than a regular FHA loan?

It's different because it doesn't disqualify you from refinancing if you are currently delinquent on your loan.  That is huge!  You can still refinance you home if you are 30, 60, or 90 days late making your mortgage payment.  There is no limit to how far behind you can be on your current mortgage.

Also, you can be upside down on your mortgage, meaning you can refinance more than what your home is worth!

If you have any questions regarding the program and how it may help you, please email me at tino.muratore@gmail.com

Thank you,

Tino Muratore