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FHASECURE Frequently Asked Questions and information
Here are some frequently asked questions reguarding the new FHASECURE loan program. This is FHA's attempt to help homeowners who are behind on their mortgage due to an interest rate reset.
 
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FHASecure Fact Sheet - Refinance Options  
YOU WORKED HARD FOR HOMEOWNERSHIP
The Federal Housing Administration has helped millions of Americans secure their dream of homeownership since 1934. Now we want to keep those dreams alive.
We provide mortgage insurance on loans made by FHA approved lenders throughout the United States and its territories. FHA insures mortgages on single family, multifamily and manufactured homes and healthcare facilities. It is the largest government backed mortgage insurer.
WHAT IS FHASecure
FHASecure is a refinancing option that gives credit-worthy homeowners, who were making timely mortgage payments before their loans reset but are now in default, a second chance with a FHA insured loan product.
WHO IS ELIGIBLE
Eligible homeowners must meet the following requirements:
Have a non-FHA insured ARM that has reset; Sufficient income to make the mortgage payment; and A history of on-time mortgage payments before the loan reset. By refinancing into a FHA insured mortgage, you can expect to pay lower monthly mortgage payments. FHASecure can improve the quality of life ... more

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