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FHA Short Refinancing

Looking For A Lender Who Is Participating in the HOPE for Homeowners (H4H) Program!

WERE HELPING STRUGGLING FAMILIES IN FLORIDA KEEP THEIR HOMES!

  • Struggling to Make Mortgage Payments?
  • Facing Foreclosure?
  • Currently In Foreclosure?
  • Tried To Refinance, But Couldn't Because of Your Homes Value?
  • Your Home Must be located in Florida?

 

Refinance For 90% of Today's Value & Save Your Home!

The Hope For Homeowners Act of 2008 (H4H) was signed into law by President Bush effective October 1st, 2008. This government backed loan program allows homeowners who owe more than their homes current value to refinance their home for 90% of its current value into a 30 year fixed rate mortgage.

The HOPE for Homeowners H4H Program was created by Congress to help those at risk of default and foreclosure refinance into more affordable, sustainable loans. H4H is an additional mortgage option designed to keep borrowers in their homes. HOPE for Homeowners may be able to help you, by refinancing your loan into a new 30-year fixed rate loan with lower payments.

As a Correspondent Mortgage Lender we have the authority of the Federal Housing Administration (FHA) to assist in the lending of three-hundred billion dollars to help homeowners who are currently facing these challenges. Our corporate office is located in Fort Myers, Florida and specializes in providing Commercial and Residential loans. We have FHA, VA government backed loans as well as access to over one-hundred of private and national investors.

Example; A $250,000 mortgage balance and the homes current value is $100,000, the refinanced FHA loan would repay the lender 85% of the home’s current worth, about $85,000. The existing home owner’s new loan would be for 90% of the $100,000, or $90,000.

 Old mortgage balance $250,000, Old payment @ 7% interest $1663.

New mortgage balance $90,000, New payment @ 7% interest $598

We Want To Help You!

Click Here to complete our online request form and you will be contacted by an FHA Short Refinancing Specialist.

 

 Call us today at 1-877- 424- 4562

  to discuss your mortgage needs or simply complete our pre-qualification form or apply online to begin the mortgage process.

 

 

Hope For Homeowners Application Package.pdf 

 

 

 

 

*100% Financing & Zero Down is based on a minimum sales price of $150,000 the seller contributing 3% of the purchase price to down payment assistance program and up to 6% of the purchase price for seller concessions. Lower purchase prices will require borrower to put down money.  

First Florida Financial Group, LLC  makes no warranty or guarantee of a loan approval, credit score increases, loan closings, foreclosure prevention, nor is such inferred or implied. Borrower qualification is required and program availability & guidelines is/are subject to change without notice. Other terms and conditions may apply.

(*) 4.875% interest rate  5.630 APR, on a 5 year fixed-rate term. Assume 180,000 loan, on a purchase transaction, primary residence, full doc, 720 mid credit score, 20% down payment plus all closing costs. resulting payments equal $952.57 monthly, principle & interest.  Ins & taxes may be additional, and not necessarily included.  Annual Peercentage Rate 5.630% .


First Florida Financial Group, LLC 907 Jennifer Lane Fort Myers, FL 33919
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